Air France-KLM, Delta and Virgin plan transatlantic joint-venture

© Juha Remes

Interesting news from Delta, Virgin Atlantic and Air France-KLM. They plan to invest in each other and set up a transatlantic joint-venture, which is likely at some point to include cargo. AF-KLM is buying 31% of Virgin, which is already 49% owned by Delta.

The 31% is being bought from Richard Branson, who will continue to hold 20% and maintain his role as chairman.

In turn, Delta is going to buy 10% of AF-KLM. The three are asking for regulatory approval for the joint-venture. Meanwhile, fellow ...