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Friday, Aug 30
Delta, Virgin gain tentative approval for trans-Atlantic venture
- Delta Air Lines (DAL) secures initial U.S. approval for its planned trans-Atlantic alliance with Virgin Atlantic after the Department of Transportation concluded it likely would boost competition.
- Antitrust immunity would allow the two airlines to combine schedules, marketing and revenue from their trans-Atlantic flights.
- The decision could have a bearing on any effort by American Airlines (AAMRQ.PK) to draw US Airways (LCC) into its existing trans-Atlantic partnership if they overcome U.S. government opposition to their proposed merger.