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Montevideo, November 19th 2017 - 16:12 UTC

Tag: Virgin Airlines

  • Friday, July 28th 2017 - 12:19 UTC

    Air France-KLM buys 31% of Virgin Airlines; Delta retains 49%

    Virgin Group's share will fall from 51% to 20%, while Delta will retain 49%. Sir Richard said he would remain “very much involved” after the deal.

    Air France-KLM is buying almost a third of Virgin Atlantic, leaving Sir Richard Branson's parent company, Virgin Group, with a minority stake in the airline he founded. Air France-KLM is taking a 31% stake, worth £220m, in Virgin Atlantic as part of a four-way joint-venture with US partner Delta.