EU clears oneworld alliance and British Airways-Iberia merger

In what is expected to be a prelude for similar approval in the US, the European Union approved the anti-trust immunity (ATI) between American Airlines, British Airways and Iberia for trans-Atlantic cooperation - with concessions. In addition, the European Commission approved the merger between the two European carriers that would create the third largest European carrier by revenue. Iberia has until September to decide on the merger.