Singapore Airlines looks set to sell its stake in Virgin

 

Singapore Airlines currently holds a 49 percent in Virgin, with billionaire Richard Branson holding a controlling 51 percent of the business. Should it become a reality, a partnership with Virgin would provide Delta with access to the lucrative transatlantic business travellers market that exists between the US and London.

It is a well-known fact that Delta has been looking to buy into Virgin for more than two years now as it looks to increase its access to London’s Heathrow airport, where Virgin is the second-biggest airline present.  

Singapore Air bought its 49% stake in Virgin in 2000 for about £551 million. Since then Singapore Air has injected further capital into Virgin and now values its total investment at £600.25 million.