Delta takes 49% stake in Virgin Atlantic

AMERICAN carrier Delta has taken a 49% stake in Sir Richard Branson’s airline Virgin Atlantic following the clearing of two regulatory hurdles in the way of the joint venture.

Virgin Atlantic
Virgin Atlantic

AMERICAN carrier Delta has taken a 49% stake in Sir Richard Branson’s airline Virgin Atlantic following the clearing of two regulatory hurdles in the way of the joint venture.

The link-up was first announced last December and the deal has now got the go ahead from EU Commission and the US Department of Justice.

The joint venture still needs the green light from the US Department of Transportation. All being well, the arrangement in which the two airlines will codeshare on a number of routes will begin in the first three months of 2014.

The link-up will mean Virgin will place its code on 91 Delta routes, including transatlantic and domestic US routes, while Delta will place its code on 17 Virgin routes, including Virgin’s domestic UK services connecting London to Manchester, Edinburgh and Aberdeen.

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