Singapore Airlines Seeks to Sell

According to a news report, Singapore Airlines announced it was in talks in order to sell its 49% stake in Virgin Atlantic. Sources revealed that Delta Air Lines Inc showed keen interest in the stakes of the British Carrier.

Delta, the second-largest US airline by operating revenue after United Continental Holdings, aims to gain access to Virgin’s landing rights at London’s Heathrow airport, sources revealed.

Delta has been looking to acquire a Virgin stake for more than two years but previous talks broke down over price and other issues, and there is no guarantee that its recent discussions would result in a pact, the people said.

Singapore Airlines said in a brief statement it was in talks with interested parties but did not name them. It also cautioned that the discussions might not result in a deal..

Delta, the second-largest US airline by operating revenue after United Continental Holdings, wants to gain access to Virgin’s landing rights at London’s Heathrow airport, according to two people familiar with the matter.

Delta has been looking to acquire a Virgin stake for more than two years but previous talks broke down over price and other issues, and there is no guarantee that its recent discussions would result in a pact, the people said.

Singapore Airlines said in a brief statement it was in talks with interested parties but did not name them. It also cautioned that the discussions might not result in a deal.

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