(Advertisement)

Delta said to study buying Singapore stake in Virgin

Posted: December 4, 2012 at 2:39 a.m.

Two Boeing Co. 747 aircraft, operated by Virgin Atlantic, sit at Heathrow Airport’s Terminal 3 near London on Nov. 2. Sources say Delta Air Lines is considering the purchase of Singapore Airlines’ 49 percent stake in Virgin Atlantic.

Virgin Atlantic Airways, which flew solo for a decade as rivals formed the global groups that dominate the industry, is edging closer to consolidation as Singapore Airlines considers selling its 49 percent stake, sources say.

This story is only available from our archives.

Business, Pages 23 on 12/04/2012

(Advertisement)



« Previous Story

Weak production sours market

Stocks edged lower on Wall Street on Monday after a surprisingly weak manufacturing report heightened concern that fiscal deadlock in Washington is already hurting the econ... Read »

Next Story »

UBS said to be near deal with regulators

Pedestrians pass the UBS logo displayed outside the bank’s headquarters in Zurich, Switzerland in October. Switzerland’s biggest lender is said to be nearing a settlement with regulators over allegations traders tried to rig global interest rates.

UBS AG, Switzerland’s biggest lender, is close to agreements with U.S. and U.K. regulators to pay more than $4... Read »