12th Oct 2015 09:32
LONDON (Alliance News) - European regulators are investigating whether airlines are being forced to enter anti-competitive contracts to keep their 24,000 aircraft flying, according to a Financial Times report from Friday.
The investigation comes as equipment makers look to make money in the US60 billion maintenance and repair market, the report said.
The report said that the European Commission wrote to airlines and aircraft component manufacturers. The EC wants information about the provisions being written into service contracts.
"They are looking at the third parties that manufacturers licence for maintenance and at the data and information they share with those third parties," one airline told the FT.
According to the FT, that airline recently received a detailed questionnaire from Brussels. It preferred to remain anonymous.
The FT also said that Rolls-Royce Holdings, which provides the only engine for Airbus?s new wide-body, the A350 XWB, has also been approached by the commission.
"We can confirm we have received a questionnaire from the European Commission and are working on our response," it said.
Rolls-Royce was the worst performing stock in the FTSE 100, down 4.2% at 723.50 pence.
http://www.ft.com/cms/s/0/9b7a7434-6e9b-11e5-aca9-d87542bf8673.html#axzz3oKz2jSFC
By Samuel Agini; [email protected]; @samuelagini
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