UPDATE 1-IATA still pursuing complaint against Honeywell after CFM deal [Reuters (UK)]
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Source: Reuters
IATA still pursuing complaint against Honeywell after CFM deal | Reuters 2 Min Read BRUSSELS (Reuters) - The International Air Transport Association (IATA) is pursuing its complaint against Honeywell ( HON.N ) to EU antitrust regulators, it said on Tuesday, even as the air transport group struck a deal over a similar grievance with engine maker CFM. IATA filed a complaint with the European Commission in 2016 after some of its member airlines were quizzed by regulators about aviation equipment makers in the aftermarket repairs market and whether they abused their dominance. One element of the complaint involved the CFM56, the world’s best-selling jet engine, and another Honeywell’s auxiliary power unit (APUs). Maintenance, repair and overhaul services are a lucrative source of revenues for engine makers. IATA on July 31 withdrew the CFM complaint after the company, a joint venture between General Electric ( GE.N ) and Safran ( SAF.PA ), agreed to open up engine maintenance servic
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