Delta CEO: new venture to have a quarter of transatlantic market


Delta Air Lines Inc's new joint venture with Virgin Atlantic Airways Ltd will likely control 24 to 25 percent of the cross-Atlantic market for air travel, Delta Chief Executive Richard Anderson said on Tuesday.

Delta Air Lines will buy Singapore Airlines' 49 percent stake in Virgin Atlantic for $360 million, it said earlier in the day.

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(Reporting By Ben Berkowitz; Editing by Gerald E. McCormick)