US airline takes 49% stake in Virgin

Giant American carrier Delta today took a 49% stake in Richard Branson’s airline Virgin Atlantic following the clearing of two regulatory hurdles in the way of the joint venture.

US airline takes 49% stake in Virgin

Giant American carrier Delta today took a 49% stake in 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.

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