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Aircraft and finance. Delta acquires a 49% stake in Virgin Atlantic: the two carriers create a joint-venture

London, United Kingdom - Singapore Airlines banks 360 million dollars

On Tuesday 11 December 2012 Delta Air Lines closed the purchase of a 49% stake in Virgin Atlantic Airways Ltd from Singapore Airlines for 360 million dollars, and as a consequence of the operation the American and the British carriers signed an agreement for a new joint venture, in order to create an expanded trans-Atlantic network and enhance competition between the U.K. and North America. Virgin...

AVIONEWS - World Aeronautical Press Agency - 1148156
Rome, Italy, 12/11/2012 18:17
AVIONEWS - World Aeronautical Press Agency

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