Singapore Airlines completed the sale of 49% stake in Virgin Atlantic to Delta Air Lines
Singapore Airlines has completed the sale of its 49% stake in Virgin Atlantic Ltd to Delta Air Lines.
As announced on 11 December 2012, Delta agreed to pay US$360 million in cash for Singapore Airlines’ entire shareholding in the UK-based airline group.
Commercial arrangements between Singapore Airlines and Virgin Atlantic, encompassing codesharing, frequent-flyer programme cross participation and reciprocal lounge access, will remain in place.