Branson urges candidates to oppose BA-AA joint venture

In a statement to U.S. presidential candidates Barack Obama and John McCain, Virgin Atlantic said a proposed joint venture between American Airlines and British Airways would hurt competition on transatlantic routes. "Airlines everywhere are struggling with the current price of oil, but the solution to their problems should not lie in an anti-competitive agreement which will inevitably lead to less competition and higher fares," Sir Richard Branson said in the letter.

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