Disclaimer:

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available

to the public in order to increase transparency. This information has been prepared by the notifying parties

under their sole responsibility, and its content in no way prejudges the view the Commission may take of the

planned operation. Nor can the Commission be held responsible for any incorrect or misleading information

contained therein.

SECTION 1.2

Description of the concentration

The notification concerns a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which the undertakings Delta Air Lines, Inc (Delta) and Virgin Group Holdings Limited (VG) acquire within the meaning of Article 3(1 )(b) joint control for the purposes of Article 3(2) of the undertaking Virgin Atlantic Limited (VAL) by way of a purchase of shares.

VAL is currently for the purposes of Article 3(2) jointly controlled by VG and Singapore Airlines Limited so the concentration involves a change in the identity of one of the shareholders of VAL.

The business activities of the undertakings concerned are:

• Delta is an international airline with its headquarters in the USA.

• VG is the holding company of a group of companies active in a wide range of products and services worldwide, such as entertainment and transport.

• VAL is the indirect holding company of Virgin Atlantic Airways Limited, an international airline with its headquarters in the UK, and Virgin Holidays Limited, which is a UK based tour operator which supplies and distributes package holidays and ancillary products.