Singapore Airlines - News Releases (2013)
Virgin Atlantic Stake Sale Completed
24 June 2013 - Singapore Airlines has completed the sale of its 49% stake in Virgin Atlantic Ltd to Delta Air Lines.
As announced on 11 December 2012, Delta agreed to pay US$360 million in cash for Singapore Airlines’ entire shareholding in the UK-based airline group.
Commercial arrangements between Singapore Airlines and Virgin Atlantic, encompassing codesharing, frequent-flyer programme cross participation and reciprocal lounge access, will remain in place.