December 11, 2012 / 1:20 PM / 5 years ago

CORRECTED-BRIEF-Delta to buy Singapore Airlines' stake in Virgin Atlantic

(Corrects brief headline to Delta buying stake in Virgin Atlantic, not Singapore Airlines) Dec 11 (Reuters) - Delta Air Lines Inc : * Delta and Virgin Atlantic to form strategic alliance * Says to invest $360 million in acquiring a 49 percent stake in Virgin Atlantic * Says new joint venture to include expanded trans-atlantic network * Says Virgin Atlantic Airways will retain its brand and operating certificate * Says Virgin Group and Sir Richard Branson will retain the majority 51 percent stake * Says the airlines will file an application with the U.S. department of transportation for antitrust immunity * Transaction also will be reviewed by U.S. Department of Justice and the EU’s competition regulator * Says acquiring a 49 percent stake in Virgin Atlantic currently held by Singapore Airlines * Source text * Further company coverage

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below