Singapore in talks to sell Virgin Atlantic stake - The New Indian Express

Singapore in talks to sell Virgin Atlantic stake

Published: 03rd December 2012 10:35 AM

Last Updated: 03rd December 2012 10:35 AM

Singapore Airlines says it's in talks to sell its 49 percent stake in Virgin Atlantic.

The airline said in a statement it's in discussions with "interested parties" about a sale.

A person with knowledge of the possible deal told The Associated Press that Atlanta-based Delta Air Lines Inc. is in talks with Singapore Airlines about buying the Virgin Atlantic stake. The person requested anonymity because the talks are ongoing.

The remaining 51 percent of Virgin Atlantic is owned by billionaire Richard Branson, who founded the airline in 1984.

Singapore Airlines said the talks may or may not result in a deal.

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