Delta in talks to buy a stake of Virgin Atlantic
This could give Delta more of a presence at London's Heathrow airport and Virgin would get access to more US airports.
Talks are under way between Delta and Singapore Airlines, two people familiar with the matter said. A stake sale could let Virgin form a trans-Atlantic venture with Delta and partner Air France-KLM Group (AF) in the SkyTeam alliance, providing access to takeoff and landing slots at the U.K. carrier’s Heathrow base. Delta is discussing buying all or part of the Singapore Airlines stake.
Delta Covets London Growth With Stake in Virgin Atlantic - Bloomberg
Delta wins US, EU antitrust approval on Virgin stake
Delta Air Lines received approval from both the antitrust unit of the Justice Department of the United States and the European Commission earlier today for its $360 million acquisition of a 49 percent stake in Virgin Atlantic Airways Limited.
The partnership would supposedly allow both airlines to expand at Heathrow Airport near London, which is the busiest airport in Europe.
Delta wins US, EU antitrust approval on Virgin stake | Fox Business
US DOT approves Delta & Virgin Atlantic venture
Delta and Virgin Atlantic airlines can now commence sharing revenue and flights between the UK and USA.
This includes a new schedule of flights between Heathrow and New York from 30 March 2014 such as seven direct services a day on the route. Three of these will depart Heathrow in the morning, followed by three afternoon departures between 14.00 and 17.35, then another will take off in the evening. The return leg sees one depart JFK at 7.40, followed by evening departures every half hour between 18.30 and 20.30, with two more at 21.30 and 22.30.
Combined, the pair will offer 32 daily nonstop flights from UK to the USA, 24 of which will operate from Heathrow to New York, Los Angeles, San Francisco, Atlanta and Washington. The new venture will compete primarily with British Airways and American Airlines partnership.