Virgin: Oneworld EU antitrust proposals inadequate

BRUSSELS, March 10 (BestGrowthStock) – Proposals by British Airways
(BAY.L: ) and American Airlines (AMR.N: ) aimed at easing EU
antitrust concerns are woefully inadequate, Virgin Group founder
Richard Branson said on Wednesday.

“I continue to question why the (European) Commission is
even considering these proposals to try and put right the
consumer harm of this monster monopoly when it does not seem to
have any evidence of concrete consumer benefits,” Branson,
president of Virgin Atlantic airline, said in a statement.

Oneworld members British Airways, American and Spain’s
Iberia (IBLA.MC: ) have offered to cede a number of lucrative
trans-Atlantic slots in an effort to gain EU approval for their
alliance.

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(Reporting by Foo Yun Chee, writing by Dale Hudson)

Virgin: Oneworld EU antitrust proposals inadequate