December 11, 2012 / 4:42 PM / 5 years ago

Delta CEO: new venture to have a quarter of transatlantic market

(Reuters) - Delta Air Lines Inc’s (DAL.N) new joint venture with Virgin Atlantic Airways Ltd VA.UL will likely control 24 to 25 percent of the cross-Atlantic market for air travel, Delta Chief Executive Richard Anderson said on Tuesday.

Delta Air Lines will buy Singapore Airlines’ (SIAL.SI) 49 percent stake in Virgin Atlantic for $360 million, it said earlier in the day.

Reporting By Ben Berkowitz; Editing by Gerald E. McCormick

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