Originally Posted by
RockyBoy
How many flights does Delta do between the U.S and the U.K right now and how many flights does Virgin do between the U.S. and the U.K. right now? Whatever that ratio is will most likely be what the JV will have as a base ratio. I would imagine that any future growth would be split 50/50.
Going forward that would be a win for Delta pilots because if we maintain the current ratio we don't lose anything and without this JV we would most likely not have any future growth into Heathrow. As a corporation we absolutely need this to compete with AA/BA. And $360 million is a steal to own half of Virgin!
Singapore Airines paid $965 million for the 49% stake in 1999!