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 trans-Atlantic 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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