Delta In Talks To Buy Virgin Atlantic Stake – Reports Say
Categories: Industry News | News
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Delta Could Be Purchasing Virgin Atlantic's Stakes
Singapore Airlines said it’s in talks to sell its 49% stake in billionaire Richard Branson’s Virgin Atlantic.
The airline said in a statement it’s in discussions with “interested parties” about a sale.
A person with knowledge of the possible deal told The Associated Press that Atlanta-based Delta Air Lines is in talks with Singapore Airlines about buying the Virgin Atlantic stake. The person requested anonymity because the talks are ongoing.
Virgin Atlantic is the second-biggest airline at London’s Heathrow airport, behind British Airways and BA is a partner with Delta competitor American Airlines. Takeoff and landing rights there are limited, a barrier for airlines that want to add flights.
A Delta partnership with Virgin Atlantic on U.S.-London routes would allow it to benefit from Virgin’s established position at Heathrow.
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