Reuters: Regulatory News: Virgin-Delta transatlantic JV approved by U.S. transport body

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Thousands of Free eBooks BookBub brings you free & bargain national bestselling eBooks in the genres of your choice! Sign up now & join 1.5 million happy readers. From our sponsors

Virgin-Delta transatlantic JV approved by U.S. transport body Sep 23rd 2013, 17:07 LONDON, Sept 23 | Mon Sep 23, 2013 1:07pm EDT LONDON, Sept 23 (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. Late last year Delta agreed to buy a 49 percent stake in Virgin Atlantic, creating a joint venture that would expand Delta's access to London's Heathrow Airport and increase competition in the lucrative transatlantic market. From next March the two airlines will operate a total of 32 daily nonstop flights between North America and Britain, of which 24 flights will operate between London Heathrow and popular U.S. destinations such as Los Angeles, San Francisco, Atlanta and Washington.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions