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Europe Daily Bulletin No. 7684

25 March 2000
Contents Publication in full By article 16 / 31
GENERAL NEWS / (eu) eu/competition
Commission approves minority stake of Singapore Airlines in Virgin Atlantic

Brussels, 24/03/2000 (Agence Europe) - The European Commission has authorised Singapore Airlines to take a 49% stake in Virgin Atlantic Airways which it will control jointly with Barford Services, Virgin's holding company. The Commission observed that the activities of the two airline carriers were largely complementary and that the merger would only have a limited effect on competition. Virgin Atlantic has a fleet of 29 aircraft and exploits 18 international destinations. Singapore Airlines...

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