Antitrust Law Daily Wrap Up, WORTH NOTING—Other Antitrust and Trade Regulation developments, (Aug 14, 2015)
Organizations Mentioned:Delta Air Lines | Delta Air Lines, Inc. | Virgin Australia Airlines
A periodic roundup of other items of interest to the Antitrust and Trade Regulation community:
ANTITRUST NEWS: The U.K. Competition and Markets Authority (CMA) published final guidance on the approval of voluntary redress schemes for infringements of competition law, forms to apply for approval of schemes, and its response to the consultation, the CMA announced today. The Consumer Rights Act 2015 introduces a new power for the CMA that aims to make it easier for consumers and businesses to gain access to redress for harm caused by infringements of competition law. The guidance explains how businesses that have breached competition law can submit a voluntary redress scheme to the CMA for approval. The guidance covers the application process, CMA’s criteria for assessing applications for approval, how to set up schemes, and operation of schemes. Businesses should apply for approval using the appropriate form: (1) where there is not existing infringement decision or (2) where there is an existing infringement decision.
ANTITRUST NEWS: The Australian Competition and Consumer Commission (ACCC) today granted Virgin Australia and Delta Air Lines authorization to coordinate their operations between Australia and the United States for another five years. The alliance allows Virgin and Delta to (1) offer a single integrated network, which includes services between Australia and the U.S. and within the respective Australian and US domestic networks and (2) compete more effectively with the incumbents on routes between Australia and the U.S. The combined market share of Virgin and Delta on the key overlap route of Sydney to Los Angeles is approximately 37 percent. The airlines sought re-authorization for a period of 10 years. However, the ACCC granted authorization for five years due to the ongoing evolution of services on the trans-Pacific and the dynamic nature of the aviation industry.
Companies: Virgin Australia Airlines; Delta Air Lines, Inc.
News: Antitrust