EU Commission clears Delta to buy stake in Virgin Atlantic
BRUSSELS (Reuters) - The European Commission has cleared Delta Air Lines (DAL.N) to buy a 49 percent stake in British airline Virgin Atlantic VA.UL, the European Union's competition watchdog said on Thursday.
The Commission said it was not concerned about the transaction because the companies would continue to face competition, especially from British Airways (ICAG.L) and American Airlines.
Delta announced the purchase in December, saying the move would allow the U.S. carrier to expand its access to London's Heathrow Airport.
Reuters reported on June 10 that Delta would receive unconditional clearance for the purchase.
(Reporting by Robert-Jan Bartunek)
- Ten countries scour sea for Malaysia jet lost in 'unprecedented mystery' |
- Shots fired in air during raid at Crimea naval base
- Missing Malaysian jet may have disintegrated in mid-air: source |
- Mexico kills drug kingpin reported dead years ago: official
- Pistorius vomits in court at Steenkamp autopsy details