Air France-KLM, UK long-haul carrier Virgin Atlantic and US major Delta Air Lines said they signed “definitive agreements” for their transatlantic joint venture (JV) on May 15. In July 2017, Air France-KLM, Atlanta-based Delta Air Lines and Virgin Atlantic announced plans for Air France-KLM to acquire 31% of Virgin and for Delta to take a 10% stake in Air France-KLM. On May 15, the three airlines issued an update to say they had finalized the terms of the deal, which will ...

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