Member access

4-Traders Homepage  >  News  >  Business Leaders  >  All news

Business Leaders

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 
HomeAll newsMost read newsBusiness Leaders Biography 
Richard Branson
Country of residence : United Kingdom
Birthday : 07/18/1950
Linked companies : Virgin Media Inc. - Virgin Mobile Holdings (UK) plc - Virgin Media Finance PLC

Branson May Give Up Control Of Virgin Atlantic Soon- Report

12/09/2012 | 07:06am US/Eastern
Recommend:
0

U.K. entrepreneur Sir Richard Branson could give up control of airline Virgin Atlantic in just a few days after three-way talks over its future this weekend, reports the Sunday Times newspaper, citing unidentified sources close to the talks.

Branson is in takeover talks with Delta Air Lines Inc. and Air France-KLM (>> AIR FRANCE -KLM), according to the report.

The newspaper reported last week that Delta, the U.S.'s biggest airline, had approached Singapore Airlines Ltd. (>> SINE AIRL ADR) to buy its 49% stake in Virgin Atlantic, with a view to Air France-KLM eventually buying part of Branson's 51% holding.

A Virgin Atlantic spokeswoman declined to comment on the report. Delta and Air France-KLM couldn't be reached.

Newspaper website: http://www.timesonline.co.uk

London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : AIR FRANCE -KLM, SINE AIRL ADR
Recommend :
0
React to this article
Latest news about Richard Branson 
Search is on to find Emirati astronaut
3 days ago - Sir Richard Branson's Virgin Galactic project is offering a $250,000 ticket for a seat aboard the world's first commercial spacecraft ABU DHABI // One lucky Emir
Branson
03/24 - DUBAI (Reuters) - Virgin Atlantic founder Richard Branson dangled the carrot of further investment in the British airline's domestic carrier Little Red as he stepped up the campaign for a third runway at London's Heathrow airport.
Richard Branson slams Emirates-Qantas tie-up
02/11 - Virgin founder Richard Branson on Monday criticised alliances between major carriers, including the Emirates-Qantas tie-up, as stifling competition and claimed it would lead to increased prices, according to Arabian Business.
COHNREZNICK THINK ENERGY created a proposal for DRA for VIRGIN and NRG ENERGY
02/08 - CohnReznick Think Energy created the successful proposal process for an innovative Diesel Reduction Agreement that announced the Virgin Limited Edition and NRG Energy agreed to develop a renewable energy driven microgrid that w
Advertisement
Popular Business Leaders 
Sheldon Adelson Paul Allen Mukesh Ambani Bernard Arnault Luc Besson Vincent Bolloré Martin Bouygues Richard Branson Warren Buffett Steve Case Benjamin De Rothschild Paul Desmarais Bill Gates Philip Green Carl Icahn Steve Jobs Li Ka-shing Eric Knight Arnaud Lagardère Lakshmi Mittal Rupert Murdoch François-henri Pinault Naguib Sawiris Stephen Schwarzman Carlos Slim George Soros Donald Trump Guy Wyser-pratte Jerry Yang Romain Zaleski
A-Z Business Leaders
Most Read News 
BlackRock Profit Climbs
04/17 - BlackRock Inc. said its first-quarter earnings climbed 20%, surpassing analysts' forecasts as revenue rose on strong pe...
Tech workers seek to use Steve Jobs evidence in upcoming trial on no-hire accords
6 days ago - SAN FRANCISCO (Reuters) - Four large technology companies should not be allowed to limit evidence about Apple Inc co-found...
Billionaire Usmanov remains Russia's richest tycoon - Forbes
04/17 - MOSCOW (Reuters) - Alisher Usmanov is Russia's richest tycoon for the third year in a row, with wealth of $18.6 billion (1...
James Murdoch joins board of ad platform company
7 days ago - (Reuters) - James Murdoch, the co-chief operating officer of 21 Century Fox, is joining the board of digital advertising p...
Fashion house Armani pays 270 mln euros to settle Italian tax dispute - paper
6 days ago - MILAN (Reuters) - Fashion house Giorgio Armani paid 270 million euros (222 million pounds) to Italian tax authorities last...
More news
Dynamic quotes  
ON
| OFF