American Airlines and the Australian Qantas to Operate a Joint Venture


The U.S. Department of Transportation approved the joint venture between the two airlines.

American Airlines and the Australian airline Qantas have been approved by the U.S. Department of Transportation (DOT) to operate in a joint enterprise, as their agreement does not violate antitrust laws, according to Business Insider.

The airlines will soon be able to coordinate their flights and pricing on routes between the United States and Australia.

American Airlines and Qantas aren’t the first international airlines to partner into a joint venture. Other joint business agreements include American and British Airways , Delta and Virgin Atlantic, and United and Japanese airline All Nippon Airways.

A prior effort, filed in 2016, was rejected, but the USDOT is preparing to grant approval for the two airlines on Friday.

Read the full story here.


Economics, Finance and Investing