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Will Aerospace.com Pass Antitrust, Red Tape Muster?

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One of the shibboleths of the Internet is that government regulation will only stanch the "freedom" promised by electronic commerce. Perhaps online book sellers will be left alone, but no one expects an industry as concentrated, specialized and regulated as aerospace to establish a vigorous "jets.com" business environment without antitrust and regulatory oversight. In the U.S., the Office of the Secretary of Defense, the government's antitrust lawyers and the industry's senior executives are still coming to terms with the way business-to-business (B2B) marketplaces operate. Their legal guidelines stick to established principles. But the speed with which dot.corns transact business may change the way regulations are applied. The earliest return from the antitrust front comes from Europe, where the European Commission has ruled that the MyAircraft B2B venture of United Technologies, Honeywell, BFGoodrich and i2 Technologies "would not give rise to competitive concerns."

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