EC finds no cargo concern with Virgin Atlantic takeover

Joint control over the airline by Air France-KLM, Delta and the Virgin Group will not impede air cargo competition on the continent, the European Commission said.

EC finds no cargo concern with Virgin Atlantic takeover

Joint control over the airline by Air France-KLM, Delta and the Virgin Group will not impede air cargo competition on the continent, the European Commission said.

EC finds no cargo concern with Virgin Atlantic takeover

Joint control over the airline by Air France-KLM, Delta and the Virgin Group will not impede air cargo competition on the continent, the European Commission said.

 
The European Commission earlier this week approved the proposed joint takeover of Virgin Atlantic Ltd. by Air France-KLM, Delta Air Lines and the Virgin Group, citing that it would not impede competition in the European Economic Area.
    Specifically, the commission’s review covered Air France-KLM’s recently proposed 31 percent joint-controlling interest in Virgin Atlantic, and its potential impacts on the air transport of passengers and cargo, as well as aircraft maintenance services.
    The EC said the transaction is unlikely to impede air cargo competition, “notably because Air France-KLM, Delta and Virgin Atlantic are not close competitors and continue to face strong competition on the affected cargo routes, particularly from Lufthansa and Cargolux.
    The airlines notified the commission of the proposed Virgin Atlantic transaction on Jan. 8.
    The commission previously approved the acquisition of joint control over Virgin Atlantic by Delta and the Virgin Group in June 2013. Its Feb. 12 decision now approves the acquisition of joint control by Air France-KLM, Delta and Virgin Group over Virgin Atlantic by way of share purchases.

The problem is the Corps of Engineers-maintained lock system would qualify for Social Security if there were such eligibility.

The ports of Los Angeles and Long Beach both reported the busiest Aprils in their ports history with Los Angeles handling 736,466 TEUs and Long Beach moving 628,121 TEUs.

Most Popular
Latest News
Social Media

Loading...

Panalpina in talks with Agility as DSV sweetens its offer

Panalpina in talks with Agility as DSV sweetens its offer

Embed this story

Share Code Version 1

This version will embed the story headline and includes HTML fallback protection, ensuring the story will display even if some users decide to disable javascript in their browsers.

Copy & Paste the following code to embed this story on your website:

Preview

EC finds no cargo concern with Virgin Atlantic takeover

Joint control over the airline by Air France-KLM, Delta and the Virgin Group will not impede air cargo competition on the continent, the European Commission said.

Feb 14, 2019 on Dec 27, 2018AmericanShipper.com

Share Code Version 2

This version will embed the story headline without any styling applied. Use this version if you will use your own custom styling on your website. This version also includes HTML fallback protection.

Copy & Paste the following code to embed this story on your website:

Preview

EC finds no cargo concern with Virgin Atlantic takeover

Joint control over the airline by Air France-KLM, Delta and the Virgin Group will not impede air cargo competition on the continent, the European Commission said.

Feb 14, 2019 on Dec 27, 2018AmericanShipper.com