Delta-Virgin JV Cleared By US, EU Antitrust Regulators

Law360, New York (June 20, 2013, 6:22 PM EDT) -- Delta Air Lines Inc. on Thursday received antitrust clearance in the U.S. and Europe to move forward with its proposed investment in Virgin Atlantic Airways Ltd. and a related joint venture between the companies on flights across the Atlantic.

The U.S. Department of Justice and the European Commission both said in statements Thursday that the deal — in which Delta agreed to pay $360 million to replace Singapore Airlines Ltd. as a 49 percent shareholder in billionaire Richard Branson's Virgin Atlantic — did not raise competitive...
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