DOJ signals headwinds for airline deals (Dealscape

The U.S. Justice Department strongly opposes granting antitrust immunity allowing Continental Airlines Inc. to join the international Star Alliance. The DOJ's stance, outlined in a filing late Friday with the Transportation Department, is the clearest signal yet of the difficulties airlines will likely have if they contemplate dealmaking during the Obama administration.

In the filing, Justice lambasted Continental's request to join UAL Corp.'s United Air Lines Inc. and others in the alliance, saying the airlines have offered "little in the way" of consumer benefits for an arrangement that DOJ believes could harm competition on domestic routes and to international destinations including Canada and China.

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428 articles related to Continental Airlines Inc.
196 in-depth reports of M&A deals in the Transportation sector
189 in-depth reports of Bankruptcies in the Transportation sector
76 articles related to Star Alliance
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NOT A SUBSCRIBER? DOJ signals headwinds for airline deals Posted on June 29, 2009 5:18 PM The U.S. Justice Department strongly opposes granting antitrust immunity allowing Continental Airlines Inc. to join the international Star Alliance. The DOJ's stance, outlined in a filing late Friday with the Transportation Department, is the clearest signal yet of the difficulties airlines will likely have if they contemplate dealmaking during the Obama administration. In the filing, Justice lambasted Continental's request to join UAL Corp.'s United Air Lines Inc. and others in the alliance, saying the airlines have offered "little in the way" of consumer benefits for an arrangement that DOJ believes could harm competition on domestic routes and to international destinations including Canada and China. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 428 articles related to Continental Airlines Inc. 196 in-depth reports of M&A deals in the Transportation sector 189 in-depth reports of Bankruptcies in the Transportation sector 76 articles related to Star Alliance 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Skadden Arps IMS Cadbury Antitrust Hyatt Corp. Evercore Scripps CIT Agrium Inc.		EXISTING USERS Username Password Forget your password? Missing a product?

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