December 11, 2012 at 15:19 PM EST
Delta, Virgin Atlantic Joint Venture Will Take Flight
Delta Air Lines (DAL) will purchase Singapore Airlines' 49% stake in Virgin Atlantic for $360 million, the airline announced Tuesday. Under the deal, the two airlines will form a joint venture, giving Delta more slots at London's busy Heathrow airport. Rumors circulated about the deal Monday, suggesting the selling price would be well under the $966 million Singapore Airlines paid for the stake in Virgin Atlantic, as IBD reported. Delta shares
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