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.
The U.S. Department of Transportation has given flight rights to Brazil to American Airlines and Delta this year, and to Delta and US Airways next year. Government capacity restrictions are expected to be eliminated in 2015.
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.