Singapore Air Discusses Virgin Sale; Delta Said to Be Buyer

Singapore Airlines Ltd. said it’s in talks about selling its 49 per cent stake in Virgin Atlantic after reports that Delta Air Lines Inc. is in interested in buying the shares.

The carrier “is in discussions with interested parties” that may or may not result in a transaction, the city-state’s flag-carrier said in a regulatory statement. Delta, the second-biggest US carrier, is in talks to buy part or all of the minority stake, according to people familiar with the situation.

via Business feed http://www.scmp.com/business/companies/article/1096358/singapore-air-discusses-virgin-sale-delta-said-be-buyer