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Delta buys 49% of Virgin & Forms A Joint Venture … Sounds Familiar

Yesterday, on the 11th of December, Delta Air Lines officially announced that it was purchasing a 49% stake in British flag carrier Virgin Atlantic, from Singapore Airlines, for US$360,000,000 and forming a trans-Atlantic joint venture.  Under the terms of the deal Sir Richard Branson, the founder of Virgin, will retain his 51% majority stake in…

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