Delta, Virgin gain tentative approval for trans-Atlantic venture

|About: Delta Air Lines, Inc. (DAL)|By:, SA News Editor

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.