Delta Buys Stake In Virgin Atlantic

Delta Air Lines is grabbing a bigger share of the world’s most important travel route: New York to London.

Associated Press reported that the airline is paying $360 million for almost half of Virgin Atlantic, the swanky airline founded by Sir Richard Branson in 1984 as a cheaper and more stylish way to fly between the U.S. and London.

The carrier’s 49% stake in Virgin Atlantic was held by Singapore Airlines, which paid $960 million for it in 2000.

For travellers, the deal means more seamless connections on flights from inside the U.S. to the U.K. Frequent fliers will soon be able earn and redeem miles on either carrier. Finally, some Delta travellers will get access to Virgin Atlantic’s well-regarded airport lounges.