As we have previously mentioned Delta has been in talks with Singapore Airlines and Virgin Atlantic to buy out Singapore's 49% stake in Virgin Atlantic. The move allows Delta more space at Heathrow and the option to increase flights to London, great news for those heading to the other side of the pond.
The New York Times confirms this morning that Delta will indeed take over Singapore's stake at a cool $360 million. That is a huge discount from the 2000 purchasing price for Singapore which was at $966 million.
Delta will be applying for antitrust protection from the US and the EU to allow for schedule coordination which will hopefully see an expanded schedule from more destinations for US-LHR flights.
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