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EU approves Delta-Virgin Atlantic airline deal

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(Globalpost/GlobalPost)

The European Commission on Thursday approved the purchase by Delta Airlines of Singapore Airlines' 49 percent stake in Virgin Atlantic Airways, to create a joint venture that will expand the carriers' trans-Atlantic network.

The commission, which is the executive arm of the 27-nation European Union, said in a statement that it had "concluded that the proposed transaction did not raise competition concerns".

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http://www.globalpost.com/dispatch/news/afp/130620/eu-approves-delta-virgin-atlantic-airline-deal