EU regulators accept Lufthansa, United antitrust offer

Thu May 23, 2013 6:10am EDT
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BRUSSELS (Reuters) - EU antitrust regulators accepted on Thursday concessions from Lufthansa (LHAG.DE: Quote), United Airlines (UAL.N: Quote), Air Canada ACb.TO and Continental to ease competition concerns about their transatlantic revenue-sharing pact.

The European Commission said the airlines would give up airport slots in Frankfurt and New York, and also allow rivals to sell tickets on this route, confirming a Reuters story in February.

"This decision is a further milestone in our effort to create a level playing field on transatlantic aviation markets, following our decision on oneworld in 2010," EU Competition Commissioner Joaquin Almunia said in a statement.

(Reporting by Foo Yun Chee, editing by Robert-Jan Bartunek)

The tails of German air carrier Lufthansa aircraft are seen at Fraport airport in Frankfurt May 6, 2013. REUTERS/Lisi Niesner