Ownership stakes
04-26-2020, 10:36 AM
#1
Gets Weekends Off
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Joined APC: Oct 2008
Posts: 553
Ownership stakes
There’s been a trend in the industry to make large investments in other airlines. How’s that panning out now that the entire Industry is negatively outperforming the market? Seems like the opposite of a hedged position.
Relatedly, does delta still have that oil refinery?
Relatedly, does delta still have that oil refinery?
04-26-2020, 11:26 PM
#3
Gets Weekends Off
Joined APC: Mar 2020
Posts: 537
Originally Posted by ScarebusPusher
I believe they sold it at a loss a little while back.
Still got it. They tried a year or so ago to get a big JV partner (or maybe sell it outright?) but that didn’t pan out. https://www.forbes.com/sites/danielr...-oil-refinery/
04-27-2020, 05:48 AM
#5
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Posts: 3,655
Originally Posted by RustyChain
Apparently Delta owns 49% of Virgin Atlantic. They aren't doing so well and Delta us not in a financial position to help.
04-27-2020, 07:00 AM
#6
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Joined APC: Jan 2019
Posts: 28
Originally Posted by full of luv
Wow, now that is a current news update! (sarcasm)...... They also own significant %'s in Aeromexico, LATAM, Virgin Australia, Korean, and AF/KLM......turns out none of them are doing great right now either.
Virgin Aus, however, is owned by Nanshan, HNA, Singapore Airlines, Etihad and Virgin Group (not Virgin Atlantic).
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