Delta buys 49 percent stake in Virgin Atlantic

By Agence France-Presse
Tuesday, December 11, 2012 10:18 EDT
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File photo of a Delta Airlines passenger plane at Los Angeles International Airports in Los Angeles, California, in 2007. (AFP)
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Delta Air Lines is buying Singapore Airlines’ 49 percent stake in Virgin Atlantic to expand the US carrier’s trans-Atlantic network, the two airlines announced Tuesday.

Delta and Virgin Atlantic will form a joint venture, with Delta investing $360 million in the British-owned carrier as part of the agreement.

Agence France-Presse
Agence France-Presse
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