In today's economy, each passing day it gets more difficult
for airlines to compete and survive only with their own resources
and capabilities. New developments on information technologies,
communication sector and cross-border economic activities force
companies to compete each other in every level of their business
field. Even the top companies choose the way of strategic mergers
and collaborations with other companies in order to use their
resources efficiently and increase its power regarding competition.
At this point, code sharing on international markets has become a
significant opportunity for airlines which has grown rapidly in
recent years across the airline industry.
Although code-share agreements provide airlines several
opportunities, since they are horizontal agreements they may have
some harmful effects on competition. Those agreements restraint
price fixing, market sharing or limiting capacity and will almost
always be prohibited. In some
