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Delta Airlines purchase of Virgin Atlantic approved

US antitrust has approved Delta Airlines’ purchase of Virgin Atlantic 49 percent stake.

Richard Branson, chairman and founder of Virgin Group. Picture: AFP

WASHINGTON - Delta Air Lines Inc (DAL.N) has received US antitrust approval to buy a 49 percent stake in British airline Virgin Atlantic VA.UL, the US Justice Department said on Thursday.

The European Commission, which is Europe's competition watchdog, also cleared the proposed transaction on Thursday.

Delta announced the deal in December, saying the purchase would allow the US carrier to expand its access to London's Heathrow Airport.

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