Delta Air Lines has closed on its acquisition of a 49% stake in Virgin Atlantic Airways, purchased from Singapore Airlines for $360 million, and the two carriers detailed initial codesharing to start July 3. The carriers also said their proposed transatlantic joint venture (JV) is on track to begin in early 2014. The Delta-Virgin Atlantic JV is contingent on the US Department of Transportation (DOT) granting antitrust immunity, which is expected following last week’s sign-off on ...

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