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Regulator clears Virgin Atlantic takeover

Wednesday, 13 February 20193 min read
Regulator clears Virgin Atlantic takeover

European Union anti-trust regulators have given the go-ahead for a proposed acquisition of joint control over Virgin Atlantic by Air France-KLM, Delta and Virgin Group.

The European Commission said its investigation showed that there would still be strong competition in the market after the deal, which involves Air France-KLM buying 31% of Virgin Atlantic from Virgin Group.

The deal would give Air France-KLM joint control of the airline, along with Delta and Virgin Group.