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Thread: DL to buy 10% of AFKL and AFKL to buy 31% of VS
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Old Jul 27, 2017, 10:58 am
  #3  
jspira
 
Join Date: Jan 2010
Location: New York and Vienna
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Posts: 3,870
I assume this is just DL divesting some of its 49% of VS to AF/KLM, and not that the combined DL/AF/KLM ownership of VS is more than 49%.
I believe it has far more to do with a combined joint venture than just that.

In addition, Delta did not sell any of its stake to AF-KLM.

To wit:
"China Eastern, a Delta partner, will also acquire 10% of Air France-KLM, while Air France will in turn buy a 31% stake in Virgin Atlantic from parent Virgin Group."

Let's hope that the combined JV makes for a much better transatlantic travel experience!

Above cited from Delta to Acquire 10% of Air France-KLM, Combine Separate Joint Ventures

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