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EU: Sources reveal ruling on Delta, Virgin merger

By  |  June 10, 2013
EU: Sources reveal ruling on Delta, Virgin merger

Three sources, who remained unnamed due to the confidentiality of the subject, have said that the European Commission is set to rule in favor of a proposed merger between Delta Air Lines and Virgin Atlantic. The sources say the deal, which would land 49 percent of Virgin in Delta’s hands, will earn unanimous approval for the parties. The move is part of Delta’s efforts to strengthen its position in the transatlantic market; the company currently stands as the second-largest airline in the US. The move includes an agreement to include more flights to Heathrow Airport in London, Europe’s busiest port. The news comes the same day American Airlines and US Airways, which are planning to merge, announced its executive team for the new company. American Airlines leads the transatlantic market in flights between the US and London thanks to its partnership with British Airways.

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