0809002 Informal Interpretation

us-ftc-hsr-informal-interpretations-1a4268c3c117a58569781074b90f120b0809002 Informal InterpretationGuidance

Open source
Date
Rule
801.2, FI 14
Staff
Michael Verne
Response/Comments
Yes -airline industry transactions are reviewed by DOJ. If the deal is a cooperative agreement (e.g. a code sharing arrangement), no HSR filing is required because it is a contractual arrangement, not an acquisition.

Question

From: (redacted)
Sent: Tuesday, September 09, 2008 10:51 AM
To: Verne, B. Michael
Subject: airline matter

Dear Mike,

I want to confirm that Formal Interpretation14 is still correct, and that an airline industry transaction that is seeking antitrustapproval from the Department of Transportation must still file under HSR andobserve the waiting period, provided that the thresholds are met.

Also, if the transaction is a cooperative agreementrather than a purchase or merger, it is possible that no HSR filing would berequired, if no one party is acquiring assets or voting securities of another,correct?

Much appreciated 


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