Delta Air Lines buys 49% from Virgin Atlantic Airways

Delta Air Lines buys 49% from Virgin Atlantic Airways

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Delta Air Lines (Atlanta) and Virgin Atlantic Airways (London) have agreed on a joint venture and will jointly create a strong transatlantic flight network between the United Kingdom and North America. As part of this agreement, Delta will invest 360 million dollars in Virgin Atlantic Airways and take over 49% of its shares, the package it holds from 2000 and so far Singapore Airlines. Virgin Group and Richard Branson will remain with 51%, without changing anything. The British company will keep its operating certificate and brand.

Some points in the agreement:

- 31 round-trip daily flights between the United Kingdom and the United States, 9 being only between London Heathrow - New York JFK and London Heathrow - Newark
- the costs of shared flights will be divided
- passengers will be able to benefit from the loyalty programs of the companies and will have access to the Delta Sky Club and Virgin Atlantic Clubhous lounges

The agreement would come into effect by the end of 2013, if all goes well, and American and European control organizations will agree.

2 Comments
  1. Association of the year | Delta Air Lines buys 49% from Virgin Atlantic Airways! - Pilot Magazine

    […] SOURCE […]

  2. [...] Delta Air Lines (Atlanta) and Virgin Atlantic Airways (London) will join forces in a joint venture. Moreover, Delta will invest over 360 millions of dollars in the British carrier and take over the 49% stake in the shares. And here's how Virgin Atlantic is getting closer to the SkyTeam alliance. [...]

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