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Continental seeks Atlantic antitrust immunity

WASHINGTON - Continental Airlines Inc. asked for antitrust immunity from the Department of Transportation on Wednesday as it moves closer to joining the Star Alliance. Continental wants to establish a trans-Atlantic joint venture with UAL Corp.'s United Airlines, Lufthansa, and Air Canada. A joint venture with antitrust immunity allows the airlines to share revenue and coordinate schedules. Continental also plans to begin code-sharing with United, under which they would sell tickets on each other's flights. Continental said it expects to join the Star Alliance and begin code-sharing with United in the fourth quarter of 2009. Last month Continental said it would leave the SkyTeam Alliance for the Star Alliance. The move was a reaction to Delta Air Lines Inc.'s plan to buy out Northwest Airlines Corp., which would create the... [read full story]                    

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