FlyerTalk Forums - View Single Post - Only Slightly OT - Virgin win EDI & ABZ Heathrow routes
Old Dec 10, 2012, 3:02 pm
  #134  
ian001
 
Join Date: Oct 2004
Location: New York
Programs: BA, LH, VS, Hyatt, SPG
Posts: 3,813
Originally Posted by Speedbird218
If you own 49% of a privately owned company and one other shareholder owns 51%...you can only ever be a sleeping partner.

218
But that's not what DL is going to be. If the off the record briefings are correct, the investment is a pre-cursor to a joint transatlantic business between DL and VS. That business depends not only on regulatory approval but the quality of the relationship between the two parties and if DL is expected to be treated as a silent partner the joint-business will sink. DL is not buying into a heavily loss making business facing major strategic issues to be a silent equity partner.
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