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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
Posts: 14,375
Downtown Adj. - Salt Lake City Int. Airport


Originally Posted by JMK View Post

Cranes out at the airport
Pic By JMK

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.

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."


Last edited by delts145; Aug 21, 2017 at 1:12 AM.
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