The European Commission has given the go-ahead to aerospace Internet exchangeMyAircraft.com, after an antitrust investigation.
MyAircraft.com is the first business-to-business e-commerce marketplace to be approved by the Commission, whose move effectively authorises the concept of marketplaces. The idea of a number of rivals working together had raised fears within the Commission that an anti-competitive cartel would be created.
MyAircraft.com, a joint venture between US-based companies United Technol-ogies and Honeywell, with technology from i2, will offer "one-stop shopping" for the supply of spare parts and engines for companies in the aerospace industry.
The Commission said it had backed MyAircraft.com after concluding it would not give rise to restricted competition, and could even save time and money. It expects MyAircraft.com to face strong competition from a number of similar sites in the same sector.
Mike Pullen, a lawyer at Dibb Lupton Allsop in Brussels, said that the EU decision showed the structure of marketplaces that other companies would have to follow to get approval.
"What the EC has done is to give some sort of indication of the legal position of e-marketplaces."