Delta considering Virgin Atlantic stake

first_imgDelta Airlines is supposedly in talks with Singapore Airlines to purchase its 49 percent stake in Virgin Atlantic, in order to gain more access into London.Although still in early stages, the airline is said to have approached Singapore Airlines for the purchase, but was cautioned it might not approach Sir Richard Branson, who own 51 percent stake in the carrier, for control of the airline, The Guardian reported.Branson is reportedly keen to have Virgin join the three big airline alliances to keep it competitive in the market, however, any offer to the entrepreneur would require Delta to team up with its European partner, Air France-KLM, to meet EU ruling that any operator within Europe must be controlled by a European business.  “We realised for the long-term stability of Virgin Atlantic we needed to look at an alliance partner, and whether it is purely an alliance or more than an alliance we’re completely undecided,” he said in 2011.  “Most of the people we talked to are keen to have Virgin as part of their alliance. “My preference would be to keep control of the airline.”Delta Airlines is yet to comment. Source = e-Travel Blackboard: N.Jlast_img

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