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AMR Armour Grp

3.25
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Armour Grp LSE:AMR London Ordinary Share GB0000496611 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.25 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

AMR Arpey: Confident Of Anti-Trust Immunity By US, EU

08/06/2009 2:36am

Dow Jones News


Armour Group (LSE:AMR)
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Gerard Arpey, Chairman and Chief Executive of AMR Corp., Monday said he is confident that both the U.S. Transportation Department and European Union authorities will grant the company's American Airlines antitrust immunity, which would allow OneWorld Alliance carriers to cooperate on scheduling and revenue sharing on trans-Atlantic routes.

"We are confident of a positive outcome on both sides of the Atlantic," Arpey told reporters at a OneWorld Alliance news conference in Kuala Lumpur.

He said current circumstances are dramatically different from the last time American Airlines and British Airways applied for immunity "because it is an open playing field across the Atlantic now."

Separately, British Airways Chief Executive Willy Walsh said that "the case has significant merit."

- By KP Lee, Dow Jones Newswires; (603) 2026 1233; kwan-por.lee@dowjones.com

 
 

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