EU: Air France-KLM, Delta, Virgin group deal approved

On Tuesday, February 12, EU antitrust regulators cleared Air France-KLM, Delta Air Lines, and Virgin Group to acquire joint control over Virgin Atlantic, reported Reuters.

The deal involves Air France-KLM buying 31% of Virgin Atlantic from Richard Branson’s Virgin Group, giving it joint control of the airline together with Delta and Virgin Group.

The European Commission announced its investigation showed that there would still be strong competition in the market following the deal.

Full Content: Reuters

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