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DOJ closes investigation of Delta purchase or Virgin Atlantic stake

The Department of Justice’s Antitrust Division issued announced the closing of its investigation into Delta Air Lines’ proposed equity investment in Virgin Atlantic Airways and their related trans-Atlantic joint venture, stating in part: “After a thorough investigation of the competitive effects of the proposed equity investment and joint venture, the Antitrust Division concluded that the facts and circumstances did not warrant further investigation or action...The proposed equity investment and joint venture also were subject to review by the European Commission...Delta and Virgin Atlantic also have filed an application with the U.S. Department of Transportation seeking antitrust immunity for their joint venture. The division will continue to consult, as appropriate, with the Department of Transportation as it reviews the request for immunity.”