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Air France and Delta consider Virgin Atlantic bid

2 March 2011

Air France and Delta are believed to be interested in making a bid for Sir Richard Branson’s 51 per cent stake in Virgin Atlantic.

The stake is valued by analysts at anywhere between £500m and £1bn with Singapore Airlines owning the remaining 49 per cent stake, which it bought for £600m in 1999.

In November, Sir Richard hired Deutsche Bank to examine Virgin’s strategic options.

He said at the time he was being forced to review the airline’s position in the wake of British Airways’ merger with Iberia and their transatlantic tie-up with American Airlines.

source: skyport-heathrow.co.uk

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