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European Commission Spokesman's Briefing for 99-09-15

Midday Express: News from the EU Commission Spokesman's Briefings Directory - Previous Article - Next Article

From: EUROPA, the European Commission Server at <http://europa.eu.int>

MIDDAY EXPRESS

News from the Spokesman's midday briefing

Nouvelles du rendez-vous de midi du Porte-Parole 15/09/1999b


CONTENTS / CONTENU

  • [01] Commission approves joint venture between P&W and GE for new aircraft engine
  • [02] La Commission constate que le système néerlandais des virements à communication structurée n'est pas contraire aux règles de concurrence de l'UE

  • [01] Commission approves joint venture between P&W and GE for new aircraft engine

    The European Commission has approved the creation of a joint venture between the US companies Pratt & Whitney (P&W) and General Electric Aircraft Engines (GE), two of the world's three manufacturers of big jet engines. The third competitor is the UK company Rolls-Royce. The joint venture, called the Engine Alliance, is formed to develop and sell a new engine intended for Airbus' future "superjumbo", known as the A3XX. The Commission has approved the joint venture for a period of 15 years subject to a condition and a number of obligations to ensure that P&W and GE will continue to compete outside the scope of the joint venture.

    [02] La Commission constate que le système néerlandais des virements à communication structurée n'est pas contraire aux règles de concurrence de l'UE

    La Commission européenne a décidé qu'un accord conclu entre des banques néerlandaises concernant une procédure commune de traitement des virements à communication structurée ne relevait pas des règles de concurrence de l'Union européenne (UE), étant donné qu'il n'affectait pas les échanges entre Etats membres. La Commission a indiqué, par ailleurs, qu'elle considérait l'accord conclu entre les banques concernant une commission de traitement des formules de virement à communication structurée comme restrictif de la concurrence. Elle aurait néanmoins considéré cette commission interbancaire d'un œil favorable dans l'hypothèse où les règles de concurrence de l'UE auraient été applicables.

    MIDDAY EXPRESS


    From EUROPA, the European Commission Server at http://europa.eu.int/
    © ECSC - EC - EAEC, Brussels-Luxembourg, 1995, 1996


    Midday Express: News from the EU Commission Spokesman's Briefings Directory - Previous Article - Next Article
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