Arab Today, arab today delta virgin win us antitrust immunity for tieup
Last Updated : GMT 04:33:33
Arab Today, arab today
Arab Today, arab today

Delta, Virgin win US antitrust immunity for tie-up

Arab Today, arab today

Arab Today, arab today Delta, Virgin win US antitrust immunity for tie-up

Washington - AFP

The US government Monday granted Delta Air Lines and Virgin Atlantic Airways antitrust immunity for their proposed transatlantic joint venture, saying it would likely boost competition. The Department of Transportation said it had approved the request from the two airlines for protection from prosecution over antitrust issues. \"We have concluded that, overall, the alliance and joint venture will be pro-competitive and are likely to generate substantial public benefits to the traveling public,\" DOT said in its order. DOT said that it had received no objection to its tentative decision, announced August 30, to grant the antitrust immunity during the public comment period. The joint venture will team Delta with British airline Virgin Atlantic on routes between North America and Britain. In June, US and European Union antitrust authorities approved Delta Air Lines\' proposed purchase of a 49 percent stake in Virgin Atlantic to build a joint transatlantic service, after determining the deal would not hurt competition. But the airlines also had sought the Department of Transportation\'s grant of immunity from any possible antitrust action under US law against the venture. In their filing to the DOT in April, Delta and Virgin Atlantic noted that nearly 60 percent of the slots at London Heathrow Airport are controlled by British Airways and its joint venture partners, including American Airlines. Delta and Virgin Atlantic on Monday welcomed the DOT\'s decision, and unveiled a new schedule for the New York JFK-London Heathrow travel market offering a total of nine daily nonstop flights, beginning March 30. \"The DOT\'s ruling is confirmation of the clear consumer benefits of the partnership and will allow the airlines to deepen their cooperation, offering more flight choices for travelers on both sides of the Atlantic and in particular improving the travel options for business customers in the New York to London market,\" they said in a joint statement. In December 2012 Delta announced it would buy Singapore Airlines\' stake in Virgin Atlantic for $360 million, with the Virgin Group retaining its 51 percent share Delta and Virgin Atlantic, combined, plan to operate a total of 32 daily nonstop flights between North America and Britain. Twenty-four of them will operate between London\'s Heathrow and US cities such as Washington, Los Angeles, San Francisco and Atlanta, Georgia, Delta\'s most important hub.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today delta virgin win us antitrust immunity for tieup Arab Today, arab today delta virgin win us antitrust immunity for tieup

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives Algerian heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives Algerian heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 06:25 2017 Thursday ,23 February

Bupa Arabia sponsors SMEA forum

GMT 06:11 2017 Thursday ,23 February

Football: Turkish company wins Qatar World Cup contract

GMT 05:46 2017 Thursday ,23 February

SABIC net profits fall in 2016

GMT 21:01 2017 Wednesday ,22 February

Saudi Aramco mulls offering citizens discounted shares

GMT 16:50 2017 Wednesday ,22 February

Yahoo salvages Verizon deal
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday