Served 8/2/95
Docket: OST-95-320 1
Description: The agreement increases passenger fares from Lesotho, Namibia, South Africa and Swaziland to many points throughout the world, including U.S. points, by ten percent for normal (first, business [intermediate] and economy class) fares and by five percent for all other fares. The increases are undertaken to help offset the continued depreciation of the South African rand.2 3
We do not find the resolution incorporated in the agreement in the above docket to be adverse to the public interest or in violation of 49 U.S.C. 41309, provided that approval is subject, where applicable, to conditions previously imposed.
Accordingly, we approve and grant antitrust immunity to the agreement, subject, where applicable, to conditions previously imposed.
This order shall be effective and become the action of the Department of Transportation upon the expiration of ten days, unless within such period a petition for review is filed pursuant to 14 CFR 385.50 or the Department gives notice that it will review this order on its own motion. Such actions are subject to judicial review under 49 U.S.C. 46110.
Given the noncontroversial nature of this agreement and the availability of the above procedure, we are waiving the
21-day period prescribed by 14 CFR 303.42.
Paul L. Gretch Director, Office of International Aviation
2/ The increases do not apply to points in TC3 (Asia, Australasia and Pacific Islands) nor to points in Southern Africa.
3/ Passenger fares, cargo rates and related charges are specified in the local currency of the country of origin under procedures conditionally approved by Orders 84-5-108, May 31, 1984, and 88-4-21, April 4, 1988. IATA monitors exchange rate fluctuations and may propose offsetting fare and/or rate revisions when currency movements exceed certain criteria. The fare and/or rate revisions, however, must be filed and approved before being implemented.