CRA advised Virgin Atlantic throughout proceedings in Europe and the US on Delta Airlines’ proposed acquisition of a 49% minority shareholding in Virgin Atlantic. Delta and Virgin will now enter into a fully integrated joint venture, bringing together their passenger operations between the UK and US. Following a Phase I investigation, the European Commission was satisfied that the combined entity would continue to face a strong competitive constraint on all overlapping routes, particularly from the British Airways – American Airlines joint venture.
Antitrust in the Middle East: New competition laws, and time for more economics?
In the Middle East, competition law is being increasingly enforced and new laws introduced. However, little has been said about how, if at all the role...