TBA Law Blog

Posted by: Brittany Sims on Jun 21, 2013

The Department of Justice and the European Commission approved a deal for Delta Air Lines to buy a 49 percent stake in Virgin Atlantic, stating the deal does not pose an antitrust threat. They concluded that Delta and Virgin Atlantic will still be competing against a strong alliance between American Airlines and British Airways, as well as other airlines. The deal still needs approval from the U.S. Transportation Department, which Delta hopes to get later this year. The Memphis Daily News has the story.