Singapore in talks to sell Virgin Atlantic stake

03rd December 2012 10:35 AM

Singapore Airlines says it's in talks to sell its 49 percent stake in Virgin Atlantic.

The airline said in a statement it's in discussions with "interested parties" about a sale.

A person with knowledge of the possible deal told The Associated Press that Atlanta-based Delta Air Lines Inc. is in talks with Singapore Airlines about buying the Virgin Atlantic stake. The person requested anonymity because the talks are ongoing.

The remaining 51 percent of Virgin Atlantic is owned by billionaire Richard Branson, who founded the airline in 1984.

Singapore Airlines said the talks may or may not result in a deal.

A+ A A-
Post a Comment
*
1000 characters left

All comments will be reactively moderated

Disclaimer: The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. Comments are automatically posted live; however, newindianexpress.com reserves the right to take any or all comments down at any time.

Recent Activity

What's Hot?