Air France KLM, Delta, and Virgin Finalize Joint Venture
Air France-KLM, Virgin Atlantic, and Delta Air Lines have finalized the deal for their transatlantic joint venture, first announced in July last year.
Air France-KLM has now acquired 31% of Virgin, and Delta has taken a 10% stake in Air France-KLM.
The deal will now be put forward for regulatory approval. Delta will retain its 49% shareholding of Virgin Atlantic while Virgin Group will retain its 20% stake.