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08/11/2008 07:26 PM ID: 72663 Permalink   

VA Against Merger of AA and BA

 

Sir Richard Branson, CEO of Virgin Atlantic, is in opposition to a proposed merger between American Airways and British Airways which he calls "an anti-competitive agreement which will inevitably lead to less competition and higher fares."

His letter is directed towards presidential candidates John McCain and Barack Obama. Airlines are seeking ways to cuts costs with high fuel prices and BA is reportedly willing to cut "hundreds" of flights across the Atlantic to secure this deal.

BA saw an 88% drop in profits this year in a 3 month period. BA is also seeking a merger deal with Spanish airline Iberia.

 
  Source: news.bbc.co.uk  
    WebReporter: JFURY Show Calling Card      
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  3 Comments
  
  No good can come of this  
 
...
 
  by: hl2k   08/12/2008 01:21 AM     
  Agreed @ hl2k  
 
This is going to get really messy! Pardon the pun.
 
  by: captainJane     08/12/2008 03:15 AM     
  Rofl  
 
BA needed this. If BA didnt get this, they would go bust. They have been on the slippery slope downwards for a long, long time. Besides, I dont see Virgin offering competitive rates... ever! Competition or not.
 
  by: Red!   08/13/2008 10:03 PM     
 
 
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