Virgin Group chairman Richard Branson was irked. With rumors flying last month that Delta Air Lines was on the verge of buying Singapore Airlines’ 49% stake in Virgin Atlantic Airways (51%-owned by Virgin Group), there was speculation in the British media that the carrier would essentially become Delta UK. In particular, International Airlines Group (IAG) CEO Willie Walsh told The Telegraph that he “can’t see Delta wanting to operate the Virgin brand because if they do, ...

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