Delta Air Lines buys US$360m Virgin Atlantic stake

Delta Air Lines is buying Singapore Airlines' 49 per cent stake in Virgin Atlantic for US$360 million and has agreed to a transatlantic joint venture with the British carrier, expanding its access to London's capacity-constrained Heathrow airport.

Under the joint venture announced yesterday, Delta and Virgin would share costs and revenues on routes between Britain and North America.

via Business feed http://www.scmp.com/business/companies/article/1103257/delta-air-lines-buys-us360m-virgin-atlantic-stake