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Delta Air Lines (DAL) to buy a 49% stake in Virgin Atlantic from Singapore Airlines, subject to...

  • Tuesday, December 11, 2012, 8:17 AM ET
    Delta Air Lines (DAL) to buy a 49% stake in Virgin Atlantic from Singapore Airlines, subject to U.S. and EU antitrust approval. The $360M move "creates an expanded trans-Atlantic network" with 31 peak-day round-trip flights. (PR) Yesterday, Virgin founder Richard Branson bet the boss of BA-owner International Airlines Group £1M Virgin will still be around in 5 years.
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    More outside-the-box thinking by Delta management. United pays 206 million for 4 slots and delta pays 360 million for 31 pead-day round-trip slots. Why does Delta trade for 1/2 of United? Surely a conundrum for the market. At least United has it's IT under control - Not!!!
    11 Dec 2012, 10:37 AM Reply Like
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