Delta-Virgin Atlantic forming joint venture to boost U.K. traffic

Posted: December 12, 2012 at 4:20 a.m.

Virgin Group founder and Chairman Sir Richard Branson speaks via a videoconference link Tuesday as Delta Air Lines announced it will buy nearly half of Virgin Atlantic Airways to give it a bigger stake in the New York-to-London air-travel market.

Delta Air Lines said it will buy almost half of Virgin Atlantic for $360 million as it tries to catch up to rivals in the lucrative New York-to-London travel market.

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Business, Pages 25 on 12/12/2012