Merger clearance from the EU Commission and U.S Department of Justice has cleared the way for Delta Air Lines to buy from Singapore Airlines a 49 per cent stake in Virgin Atlantic Airways. Virgin Atlantic Airways and Delta have also detailed a codeshare agreement across 108 routes.

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The European Commission noted its investigation found the proposed transaction would not raise any specific concerns in Europe or in the transalantic market.

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The U.S. Department of Transportation (DOT) has granted antitrust immunity to American Airlines and four international partners in the oneworld Alliance to form an integrated transatlantic joint business. The five carriers can now go ahead and put the arrangement into effect.

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British Airways, American Airlines and Iberia have received final regulatory approval from the European Commission to enter into a joint business agreement on transatlantic flights. They expect to receive a final decision on transatlantic anti-trust immunity from the U.S. DOT shortly.

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The United States and the European Union have provisionally agreed to expand their 2007 Open Skies air services agreement to allow for greater U.S.-EU cooperation on a wide range of aviation issues, in a deal the European Commission says could put 26 million more passengers on transatlantic flights over a period of five years.

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