Japan to warn JAL/JAS of antitrust violation-Nikkei

[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

 



Does it ever end?!
Walter
DCA

NEW YORK, March 14 (Reuters) - Japan's Fair Trade Commission (FTC) will tell
Japan Airlines Co. Ltd. (JAL) (9201) and Japan Air Systems Co. (JAS) (9203)
that their current plan for business integration could violate the
Anti-Monopoly Law, a Japanese financial newspaper reported.

According to the Friday edition of Nihon Keizai Shimbun, monitored in New
York on Thursday, the FTC said that the current plan could hinder
competition and infringe the Anti-Monopoly Law. The merger is scheduled to
take place on Oct. 2, 2002. The FTC implemented its preliminary review with
the request of both airline companies last November. The merged entity would
hold a 60 percent market share of some major arrival and departure slots in
Japan.

According to the report, the FTC is expected to ask both companies to make
revisions to their current plans. The timing of the merger could be delayed
as a result, the report added.


©2002 Reuters Limited.

[Index of Archives]         [NTSB]     [NASA KSC]     [Yosemite]     [Steve's Art]     [Deep Creek Hot Springs]     [NTSB]     [STB]     [Share Photos]     [Yosemite Campsites]