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Delta gets takeover green light from EU regulators
China News.Net
Thursday 7th August, 2008
EU regulators have approved a bid by US airline Delta for its smaller rival Northwest.
The European Commission siad it had decided that the transaction would not significantly impede effective competition in the EU.
The EU executive decided that, on cargo transport, the proposed transaction would have only a minor impact because of the parties' limited presence in the European market.
As for passenger travel, it determined that the two airlines already cooperate under the Skyteam Alliance umbrella, along with European carriers.
Delta, the third-largest US airline, is attempting to acquire Northwest, the number five US carrier, in a takeover to create the largest airline in the world.
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Comments on this story
Eric Blair
08-07-08, 07:46 AM |
Delta gets takeover green light from EU regulators
So the EU has the power to regulate things that our own congress can’t? Who the hell signed us on to this anyway?
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tiktik
08-08-08, 03:47 AM |
Our congress is worried about Obama and Clintos quarrel every now and the. Miss Hillary is still wanted to be the President of The United States and the democratic congress is worry about the election on November 08.
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