A PYMNTS Company

EU: Deadline set for Delta, Virgin airline ruling

By  |  May 16, 2013

The European Commission has set a date of June 20 to officially decide whether a proposed merger between Delta Air Lines and Virgin Atlantic should be allow to take place. The deal would see a 49 percent acquisition of Virgin in a plan to better pit Delta against United Continental and American Airlines. The proposal was first introduced last December, but according to antitrust lawyers, the Commission may be most concerned with a potential lessening of competition between Delta and Virgin following the joint venture. Delta formally requested approval from the Commission for the acquisition on Wednesday.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.