EU approves sale of SIA stake in Virgin Atlantic to Delta

BRUSSELS (AFP) - The European Commission on Thursday approved the purchase by Delta Airlines of Singapore Airlines' 49 per cent stake in Virgin Atlantic Airways, to create a joint venture that will expand the carriers' trans-Atlantic network.

The commission, which is the executive arm of the 27-nation European Union, said in a statement that it had "concluded that the proposed transaction did not raise competition concerns".

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