It’s now almost a year since CFM signed up to a set of "conduct policies" with IATA, thereby ending the latter’s complaint to the European Commission about alleged abuse of a dominant position. Since then, many MRO companies and engine lessors have said they welcome a boost to competition in the CFM aftermarket, which is what IATA said its deal would provide. However, it is far from clear that the deal will provide any significant liberalization. First, this is because CFM ...

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