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Company Statement: Delta and Virgin Atlantic to form strategic alliance

( December 11, 2012, 19:01 GMT | Official Statement) -- MLex Summary: Delta Air Lines has agreed to a transatlantic joint venture with British airline Virgin Atlantic for $360 million. Delta will acquire 49 percent stake in Virgin Atlantic currently held by Singapore Airlines. Virgin Group and Sir Richard Branson will retain the majority 51 percent stake and Virgin Atlantic will keep its brand and operating certificate.Statement follows in full....

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