Tis the Season to Buy Airlines

Posted: Dec. 13th, 2012  |  By Michael Pearse

All over the world airlines are scrambling to snap up key routes in an impressive and seemingly unprecedented game of musical chairs, with Delta Air Lines diving into the fray with its aggressive bid for one of the most critical routes of all: From New York to London. Buying out nearly half of Virgin Atlantic for a hefty $360 million dollars, travelers can look forward to increased ease of entering the rest of the U.S. via New York from London.

Delta Air Lines is grabbing a bigger share of the world's most important travel route: New York to London.

The airline is paying $360 million for almost half of Virgin Atlantic, the swanky airline founded by Sir Richard Branson in 1984 as a cheaper and more stylish way to fly between the U.S. and London.

Business travelers are hungry for flights on that route and Delta has been missing out. With this deal, Delta is buying its way into that market.

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Carol Driver
A journalist with more than 12 years' experience writing, subbing and editing at national and regional publications and websites in the UK.

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