Delta Air Lines paid Singapore Airlines $360 million for its 49 percent stake in Virgin Atlantic. - Business Travel News

Share this page

Text size: A A A

NewsLog
RSS

December 11, 2012 - 09:35 AM ET

Delta Air Lines paid Singapore Airlines $360 million for its 49 percent stake in Virgin Atlantic. Delta and Virgin plan to request antitrust immunity from the Department of Transportation to form by the end of next year a "fully integrated" joint venture. "The partnership allows both carriers to offer a greatly expanded network at Heathrow and to overcome slot constraints, which have limited the growth and competitive capability of both airlines," according to a joint announcement. "The two carriers will operate a total of 31 peak-day round-trip flights between the U.K. and North America, 23 of which operate at London-Heathrow." Combined, the carriers would serve nine daily roundtrips between London Heathrow and New York John F. Kennedy International Airport. "Corporate and travel agency customers of both airlines also will benefit from an aligned sales effort on both sides of the Atlantic," according to the carriers, which plan to launch reciprocal frequent flyer benefits and lounge access.

This page is protected by Copyright laws. Do Not Copy. Purchase Reprint

Leave your comment:

Comments

blog comments powered by Disqus
Related NewsLog
United Airlines is adding a second-checked-bag fee on flights between North America and Latin America.... read more »
Virgin Australia announced it would eliminate fuel surcharges on U.S. flights "sold and originating in Australia."... read more »
Construction of an AirTrain connection to LaGuardia Airport is part of the New York infrastructure plan... read more »
Delta Air Lines eliminated second-checked-bag fees on many of its routes between the Americas and the Asia/Pacific region.... read more »
Delta Air Lines aims to add daily nonstop service between Los Angeles International Airport and Shanghai Pudong International Airport this summer,... read more »
Cyprus Airways ended its operations on Friday... read more »
Dubai International claims to have overtaken London Heathrow as the world's busiest airport for international travelers.... read more »
Global air travel volume in November increased 6 percent year over year,... read more »
American Airlines this week applied to the U.S. Department of Transportation to operate daily nonstop service between Los Angeles International Airport and Tokyo's Haneda Airport.... read more »
British Airways and Iberia parent IAG announced Thursday that a takeover bid for Aer Lingus had been rejected by the board of the Irish flag carrier.... read more »
Nexus cardholders now can access Trusted Traveler screening lines at four Canadian airports:... read more »