Delta Takes 49% Stake in Virgin Atlantic for $360 Million - NYTimes.com
Delta has a strong partnership with Air France-KLM that serves many European destinations, but it is not a strong contender in the London market. Delta has nine daily flights to Heathrow from New York, Boston and Atlanta. But it has no direct flights from other top markets like San Francisco, Chicago, Washington, D.C., Miami or Los Angeles, requiring passengers to connect through its other hubs.
Seems like the deal could require less domestic seats. What have past JV LOAs produced?