The U.S. Department of Transportation approved a deal between Delta Air Lines and Virgin Atlantic Airways. The pact will allow the carriers to align fares and schedules for trans-Atlantic flights. Delta acquired a 49% stake in Virgin Atlantic earlier this year.
Airlines are utilizing pricing models that offer customers more travel perks for less. Delta offers "same-day standby upgrades," while Alaska Airlines makes paid upgrades available one day ahead of departure via various methods.
Bombardier Aerospace has plans to test a new plane that includes quieter engines made by Pratt & Whitney. The turbofan engines should burn about 20% less fuel and could make Bombardier the first carrier to debut the engines.
EU regulators are preparing to approve a deal between Delta Air Lines and Virgin Atlantic, sources say. The agreement will allow Delta to purchase a 49% stake in Virgin Atlantic and set up a joint venture for trans-Atlantic flights. "The European Commission is likely to approve the deal without conditions," said one of the sources.
Delta Air Lines has confirmed plans to purchase a 49% stake in Virgin Atlantic Airways. Delta is anticipating control of 24% to 25% of the market for trans-Atlantic flights, CEO Richard Anderson said. Delta has agreed to purchase the shares from Singapore Airlines for $360 million.