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|IAG and Japan Airlines’ joint business agreement receives anti-trust immunity approval by japanese regulatory authority|
International Airlines Group (IAG) and Japan Airlines’ (JAL) joint business has been granted anti-trust immunity from the Japanese Ministry of Land, Infrastructure, Transport and Tourism (MLIT). The agreement will allow British Airways and JAL to cooperate commercially on flights between the EU and Japan.
The joint business is expected to be launched by late March 2013. It will benefit customers by providing better links between the EU and Japan, more choice, enhanced frequent flyer benefits and the potential to launch new routes.
The MLIT has today, (May 25), formally approved the application submitted by JAL in February, seeking anti-trust immunity to co-operate on flights between the EU and Japan with British Airways.
The revenue-sharing agreement will strengthen the oneworld alliance and enable it to compete more effectively around the world with other global alliances.
IAG chief executive Willie Walsh said: “We are delighted the Japanese authority has given regulatory approval for the joint business which will bring great benefits to consumers.
President of JAL, Yoshiharu Ueki, said “We would like to thank the Ministry for approving our application for ATI with IAG.
“Amid the evolving Japanese aviation industry, the ATI will enable us to build a strong value-creating relationship with British Airways that can benefit our customers as well as our businesses”.
May 25, 2012 IAG 05
Note to editors:
British Airways has a daily service from Heathrow to Tokyo Narita and five per week flights from Heathrow to Tokyo Haneda.
JAL flies daily from Tokyo Narita to Heathrow, Frankfurt and Paris Charles de Gaulle. It also has a daily service from Tokyo Haneda to Paris Charles de Gaulle.
In Europe, the regulatory landscape is one of self-assessment. IAG and JAL have kept the European Commission informed of their planned joint business.