Alaska wins antitrust approval for Virgin deal with condition
Alaska Air Group Inc has won U.S. antitrust approval for its $2.6 billion acquisition of Virgin America Inc on condition that it scale back its code-sharing with American Airlines Group Inc , the Justice Department said on Tuesday. Under the settlement, Alaska and American would be banned from code-sharing on routes where Virgin and American now compete, among others, the department said. Alaska, which paid a premium of about 86 percent for Virgin, pursued the deal to better compete against Delt
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