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Old Posted Jul 29, 2017, 11:59 AM
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delts145 delts145 is offline
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Join Date: Aug 2006
Location: Los Angeles
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Salt Lake City & MSA/CSA Rundown


Downtown Adj. - Salt Lake City Int. Airport




[IMG][/IMG]


Quote:
Originally Posted by JMK View Post

Cranes out at the airport



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Pic By JMK

Quote:
Originally Posted by jubguy3 View Post
Possibly good news for SLC. There's some weird stock-purchasing agreement going on between Delta, Air France - KLM, and China Eastern to purchase stock in Virgin Atlantic. Virgin isn't a member of SkyTeam but it sounds like delta and its associates are pushing virgin towards joining. The incorporation of China Eastern may mark a good sign for SLC - flights to and from Shanghai? And possibly flights on Virgin Atlantic to LHR considering that Virgin isn't in an alliance yet? - This will open up slots at LHR for skyteam which has traditionally been very expensive to purchase spots at. I don't really understand the specifics of the deal and regulatory approval is still required but considering that it involves SkyTeam hopefully its good news for Salt Lake.


Quote:
Originally Posted by Stenar View Post

Delta, Air France-KLM, Virgin Atlantic, and China Eastern have announced a billion-dollar mega-deal

Benjamin Zhang
Business Insider
27 July 2017

"On Thursday, Delta Air Lines and China Eastern Airlines announced that they have each purchased 10% of Air France-KLM.

Delta and China Eastern's stake in Air France-KLM comes in the form of new shares from capital increases valued at $875 million.

In addition, Air France-KLM has agreed to purchase a 31% stake in Virgin Atlantic Airways from Sir Richard Branson's Virgin Group valued at $287 million...."

"In 2012, Delta acquired a 49% stake in Virgin Atlantic Airways from Singapore Airlines in a deal worth $360 million.

In 2015, Delta acquired 3.2% of China Eastern Airlines for $450 million."


http://www.businessinsider.com/delta...ce-deal-2017-7

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Last edited by delts145; Apr 8, 2018 at 1:44 PM.
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