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Delta Buying 49% of Virgin Atlantic

Deal will give it a larger share of NY-to-London market

By the Associated Press

Posted Dec 11, 2012 8:47 AM CST

(AP) – Delta Air Lines said it will buy almost half of Virgin Atlantic for $360 million as it seeks a bigger share of the lucrative New York-to-London travel market. Delta plans to form a joint venture with Virgin Atlantic where the two airlines would share money...   Read full story »

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Richard Branson • airline industry • Delta Air Lines • mergers and acquisitions • Virgin Atlantic • Heathrow Airport • airlines • Sir Richard Branson

 
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