Delta And Virgin Atlantic Close Deal
New York Daily News, Wednesday, December 12, 2012 10:42 AM
Delta and Virgin Atlantic are hooking up. Delta Air lines is paying $360 million for a 49% stake in the U.K. airline. The stake had been held by Singapore Airlines, which bought it in 2000 for about $967 million. Delta had wanted more New York to U.K. business, as it had just three flights a day. The new JV triples that.
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