Delta’s Joint Venture with Virgin Gets Initial Antitrust Approval
Delta Air Lines’ plans for a trans-Atlantic alliance with Virgin Atlantic Airways received tentative approval on Friday.
In a filing on Friday, the U.S. Department of Transportation said it had tentatively concluded that the planned alliance between the two carriers would boost competition in the North American-United Kingdom transatlantic market. Delta recently acquired a 49% stake in Virgin. The filing also said that the pact would provide benefits to consumers.
The DOT said that the partnership would “create a strong, competitive counterweight” to the joint venture by oneworld partners’ American Airlines, British Airways, and Iberia, which already has antitrust immunity.
The move paves the way for the two airlines to be granted antitrust immunity, which would allow them to combine schedules, marketing activities, and revenue for flights covered by the joint venture.
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