Originally Posted by
johnso29
Reading the article, it seems the initial plan was for DAL to be the majority shareholder.
Delta is understood to have offered to buy Singapore Airlines' 49 percent stake in Virgin. If it succeeds, Delta's European partner Air France-KLM may then buy part of Richard Branson's 51 percent stake, seeing its founder lose control of the airline for the first time.
So I'm reading that as DAL having 49%, and the remaining 51% being divided among AF/KLM & Richard Branson.
I only had to read it 3 more times! So yes, we'd be the majority in that case. But I guess the split between R and AFKLM would satisfy EU requirements.
So with the cozying up to VA Aussie this seems pretty bold. I think it would probably help to fend off the middle east carriers to have Virgin in Skyteam, but you do have to wonder about branding...