Law360, New York (November 02, 2009, 2:00 PM ET) -- Delta Air Lines Inc. and the Richard Branson-helmed Virgin Blue Airlines Group moved one step closer to their proposed trans-Pacific alliance Monday when they received preliminary approval from Australia’s competition authority.
The Australian Competition and Consumer Commission issued a draft determination granting preliminary authorization for the airlines’ proposed joint venture in the Pacific.
The competition authority said the venture would likely have positive competitive effects for air passengers.
"The ACCC considers that the joint venture is likely to assist Virgin Blue and Delta to compete more...
Australia Gives Delta, Virgin Blue Deal Preliminary OK
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