Delta Takes 49% Stake in Virgin Atlantic for $360 Million

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http://dealbook.nytimes.com/2012/12/11/delta-takes-49-stake-in-virgin-atlan=
tic-for-360-million/?hp

DECEMBER 11, 2012, 8:30 AM
Delta Takes 49% Stake in Virgin Atlantic for $360 Million

By JAD MOUAWAD
There are few more lucrative airline routes than the one between the financ=
ial powerhouses of New York and London. On Tuesday, Delta Air Lines signale=
d that it was going after that business-heavy market, agreeing to buy a 49 =
percent stake in Virgin Atlantic from Singapore Airlines for $360 million.

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