Delta-Virgin Joint Venture Gets Tentative Antitrust OK

Law360, New York (August 30, 2013, 6:18 PM EDT) -- The U.S. Department of Transportation tentatively agreed Friday to let Delta Air Lines Inc. and Virgin Atlantic Airways Ltd. coordinate their operations for trans-Atlantic flights, saying that the deal was unlikely to hinder competition.

The agency proposed granting the carriers antitrust immunity to run a joint venture for flights between the U.S. and the U.K., part of Delta's $360 million deal to replace Singapore Airlines Ltd. as a 49 percent shareholder in billionaire Richard Branson's Virgin Atlantic.

The order, which is open to objections for two...
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