21-Jun-2013 11:35 AM

European Commission clears Delta's planned acquisition of 49% of Virgin Atlantic

European Commission cleared (20-Jun-2013) Delta Air Lines' planned acquisition of Singapore Airlines' 49% stake in Virgin Atlantic. Virgin Group will retain its 51% stake in Virgin Atlantic. Delta and Virgin Atlantic will also enter into fully integrated joint venture to bring together their UK-US routes. The Commission's investigation confirmed the combined entity would continue to face competition from several strong competitors in all markets, particularly from American Airlines and British Airways. [more - original PR]