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28 May 2020 The on-line newspaper devoted to the world of transports 21:03 GMT+2

December 11, 2012

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American Alla Delta Air Lines 49% of the British airline Virgin Atlantic

The group American buys the participation of Singapore Airlines for 360 million dollars

The Singapore Airlines group (IS) will yield own entire quota the British airline Virgin Atlantic Airways, pairs to 49% of the capital stock, to American Delta Air Lines for 360 million dollars cash.

The agreement previews that Delta constitutes a joint venture new with Virgin Atlantic in which the Virgin group and Richard Branson, president and founder of the company, they will stop having remained 51% of the capital. Moreover Virgin Atlantic will maintain to own brand and the certificate of aerial operator. Singapore Airlines had acquired own participation in the British company in March 2000 from the Virgin group. According to the forecasts, the transaction will be capacity to term in the fourth trimester of the next year.

“Our new cooperation with Virgin Atlantic - the managing director of the Delta has explained, Richard Anderson - will strengthen both the airlines and will offer competitor more effective between the America North and United Kingdom, in particular on the route New York - London, that it is the main aerial route between the United States and Europe”.

“This - Richard Branson has commented - is a day exciting in the history of Virgin Atlantic: it marks the beginning of an era of expansion, increase financial institution and many opportunities for our customers and our activity. They are absolutely trusting of the possibilities that they will be offered by strategic ours partnership with Delta”.

The two airlines altogether operate until 31 every day flights go-return between the USA and the United Kingdom, of which 23 acts on the London airport of Heathrow. Virgin Atlantic has a fleet of beyond 40 aircrafts Boeing and Airbus and a pocketbook orders constituted by 16 787 Boeing Dreamliners in delivery from 2014. The fleet of Delta Air Lines is formed gives beyond 700 aircrafts.


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