According to Associated Press, one of the largest airline companies in America is interested to purchase the Virgin Atlantic stake from Asia’s largest airline company Singapore Airlines. America’s Delta Air Lines is based in Atlanta, Georgia, and is considered as one of the top airlines in North America.
Virgin Atlantic was founded in 1984 by billionaire Richard Branson. Sir Branson owns majority stake (51%) of the airline. Since 1999, Singapore Airlines has captured 49% stake of Virgin Atlantic. In recent years, the Asian’s largest airline company has been taking more businesses from many Asian countries and its region, and also continues to expand its flights into the world.
Singapore Airlines has warned business investors that few negotiations have been going on for a while with several suitors. However, all of those discussions may or may not result in a deal.
(Images: right, Singapore Airlines logo; left, Virgin Atlantic logo)
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