Air France-KLM declines stake in Virgin Atlantic

Air France-KLM has declined the option to acquire a stake in Virgin Atlantic made available under its joint venture with Delta Airlines and Virgin Atlantic.

In a statement Air France-KLM commented: “Air France-KLM and Virgin have considered that Air France-KLM’s acquisition of a stake in Virgin Atlantic is no longer necessary and 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.”

The planned JV is designed to enhance the trans-Atlantic capacity of the US based Delta Air Lines, as well as Virgin Atlantic and Air France-KLM.

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