Delta, WestJet drop JV plans; claim DOT terms too onerous

Delta Air Lines (DL, Atlanta Hartsfield Jackson) and WestJet (WS, Calgary) have announced they have dropped their plans to establish a joint venture due to what they termed the "arbitrary", "capricious", "unreasonable", and "unacceptable" conditions imposed by the US Department of Transportation (DOT). "The Department has issued a show cause order which proposes to deny antitrust immunity unless the Joint Applicants accept a set of conditions that are arbitrary and capricious, including slot divestitures that are unrelated to...
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