Air France-KLM, Delta Air Lines and Virgin Atlantic are moving to create a new transatlantic joint venture (JV) triad that includes Air France-KLM acquiring a 31% stake in Virgin and Delta taking a 10% stake in Air France-KLM. The complex transactions, announced July 27, would see Air France-KLM buy Virgin Group’s 31% stake in Virgin Atlantic for around £220 million ($287 million), Air France-KLM said in a statement. Meanwhile, Atlanta-based Delta, which owns 49% of Virgin ...

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