logo
Plus   Neg
Share
Email

Air France-KLM, Virgin: Acquisition Of Virgin Atlantic Stake Not Necessary

Air France-KLM (AFRAF.PK), Delta Air Lines (DAL,DALRQ.PK) and Virgin Atlantic have finalized the expanded joint venture's governance agreeing on simplified decision making processes. The partners are negotiating an agreement whereby Air France-KLM will not acquire a stake in Virgin Atlantic, without any impact on Air France-KLM's position in the commercial Delta -Virgin Atlantic- Air France-KLM joint venture.

Air France-KLM said it will continue final preparations towards the launch of the expanded trans-Atlantic joint venture in the coming weeks. The company will pursue its ambitious investment plan.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Facebook Inc. said it will ban ads that seek to delegitimize the Presidential election. The announcement is in line with the social media giant's decision to prohibit ads that make premature declarations of victory as it aims to protect the integrity of the upcoming U.S. 2020 elections. Rob Leathern, Director of Product Management, in a tweet said that these changes apply to ads across Facebook... While reporting financial results for the first quarter of fiscal 2021 on Thursday, Conagra Brands, Inc. (CAG) provided only its adjusted earnings and organic net sales growth guidance for the second quarter of fiscal 2021. The company is still not initiating annual outlook, as is usual, as the impact... Playboy Enterprises, Inc. and Mountain Crest Acquisition Corp. (MCAC) announced Thursday the signing of a definitive merger agreement to return Playboy to the public markets. They also signed definitive purchase agreements with institutional and accredited investors for the purchase of $50 million of...
RELATED NEWS
Follow RTT