Delta, Virgin win antitrust nod for transatlantic pact
WASHINGTON (AFP) - The US government on Monday granted Delta Air Lines and Virgin Atlantic Airways antitrust immunity for their proposed transatlantic joint venture, saying it would likely boost competition.
The Department of Transportation (DOT) said it had approved the request from the two airlines for protection from prosecution over antitrust issues.
"We have concluded that, overall, the alliance and joint venture will be pro-competitive and are likely to generate substantial public benefits to the traveling public," DOT said in its order.
In June, US and EU antitrust authorities approved Delta Air Lines' proposed purchase of a 49 per cent stake in Virgin Atlantic to build a joint transatlantic service, after determining the deal would not hurt competition.