Thursday, 27 June 2013 00:41
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Singapore Airlines has completed the sale of its 49% stake in Virgin Atlantic Ltd. to Delta Air Lines.
As announced on 11 December 2012, Delta agreed to pay US $360 million in cash for Singapore Airlines’ entire shareholding in the UK-based airline group.
Commercial arrangements between Singapore Airlines and Virgin Atlantic, encompassing codesharing, frequent-flyer program cross participation and reciprocal lounge access, will remain in place.
