Delta Air and Virgin Atlantic Joint Venture Approved by U.S Regulators
Aircraft models are seen following a news conference to announce the sale of Virgin Atlantic airline to Delta Air Lines, in New York December 11, 2012. Brendan McDermid / Reuters
Meanwhile at another corporate headquarters, American Air and US Air look at each other and throw up their hands in exasperation.
Excerpt from Reuters
British airline Virgin Atlantic and U.S. carrier Delta Air Lines on Monday said their joint venture on routes between North America and Britain had been approved by the U.S. Department of Transportation (DOT).
In their filing to the DOT, Delta and Virgin Atlantic argued that some 60 percent of the slots at London’s Heathrow airport are controlled by IAG’s British Airways and its partners and that Virgin-Delta should be allowed to compete on transatlantic routes.