A major shake up is heading for Virgin Atlantic after it was announced that the 49% stake that is owned by Singapore airlines could possibly be sold. Delta, the second largest airline company in the USA, is thought to be one of the potential buyers of the huge market share as it eyes how to break into the Australia and Southeast Asian market.
Singapore originally purchased the 49% Virgin stake in 199 9 for about £600m but now said that it is thinking about divesting in the company. In order to complete a bid for Virgin Delta would have to also invest in its European partner Air France-KLM as per EU aviation rule.
Delta is not the only company that may have their eye on the Virgin shares as Gulf and Lufthansa carriers like Emirates and Etihad Airways are also said to be looking at potentially purchasing the shares.
Etihad in particular has already been purchasing other airline stakes such as Air Berlin and Aer Lingus in order to cut into the European short haul network. As if this is not enough, there are some rumours circulating that Sir Richard Branson may also be looking at selling off his controlling stake in the company.