Delta Air Lines Inc. is buying almost half of British airline Virgin Atlantic for $360 million as it aims to boost its share of the lucrative New York-to-London market.
Delta says it will form a joint venture with Virgin Atlantic, where the two airlines would share money from the flights operated under the partnership.
Sir Richard Branson will still own more than half of Virgin Atlantic, which will continue to fly as a separate airline under its own name.
Landing rights at London's Heathrow Airport are limited. So buying part of Virgin Atlantic will help Delta get a bigger piece of the travel market there.
The joint venture needs approval from U.S. and European regulators. Delta is aiming to have the joint operation running by the end of 2013.
Thursday, May 23 2013 1:30 PM EDT2013-05-23 17:30:30 GMT
The incident forcing the partial evacuation of Detroit Metropolitan Airport for hours one day last month was triggered by law enforcement officials' belief that they'd found an improvised explosive device in luggage.
The incident forcing the partial evacuation of Detroit Metropolitan Airport for hours one day last month was triggered by law enforcement officials' belief that they'd found an improvised explosive device in luggage.
Thursday, May 23 2013 12:28 PM EDT2013-05-23 16:28:22 GMT
One week after appearing via satellite on the American Idol season finale the Queen of Soul has rescheduled next month's planned performance at the DTE Energy Music Theatre.
One week after appearing via satellite on the American Idol season finale the Queen of Soul has rescheduled next month's planned performance at the DTE Energy Music Theatre.
Thursday, May 23 2013 11:48 AM EDT2013-05-23 15:48:50 GMT
Former Detroit Mayor Kwame Kilpatrick is dropping his longtime lawyer. Kilpatrick told a judge Thursday that his relationship with James Thomas deteriorated long before his conviction.
Former Detroit Mayor Kwame Kilpatrick is dropping his longtime lawyer. Kilpatrick told a judge Thursday that his relationship with James Thomas deteriorated long before his conviction two months ago on corruption charges.
Thursday, May 23 2013 10:59 AM EDT2013-05-23 14:59:53 GMT
Bugs are important to our environment and can even tell us about our water quality. That's why dozens on local students have been taking part in bug hunts.
Bugs are important to our environment and can even tell us about our water quality. That's why dozens on local students have been taking part in bug hunts.
Thursday, May 23 2013 7:58 AM EDT2013-05-23 11:58:41 GMT
New U.S. Census Bureau estimates say Detroit's population remained just above 700,000 last year. The figures show Detroit lost residents between 2011 and 2012, but the decline was at a slower pace than in previous years.
New U.S. Census Bureau estimates say Detroit's population remained just above 700,000 last year. The figures show Detroit lost residents between 2011 and 2012, but the decline was at a slower pace than in previous years.
