Trans-At­lantic pact

Travel Daily - - News -

DELTA Air Lines, Air France-KLM and Vir­gin At­lantic have signed de­fin­i­tive agree­ments that pave the way for their ex­panded trans- At­lantic joint ven­ture ( TD 28 Jul).

The deal sets out com­mer­cial and op­er­a­tional terms for the part­ner­ship, which on com­ple­tion will in­volve AF-KL buy­ing a 31% stake in Vir­gin At­lantic for £220 mil­lion from the Vir­gin group, which will re­tain a 20% share.

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