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
07/15 - Two Nigeria's young entrepreneurs, Miss Eseoghene Odiete and Mr. Nasir Yammama recently had a business master class from the Founder and Chairman of Virgin Group, Sir Richard Branson, after winning
JAGUAR'S design director Ian Callum has joined an elite list of global figures such as President Obama and Sir Richard Branson by becoming a LinkedIn Influencer. The Whitley-based director will post thought leadership pieces o
Igor's won over Sir Rich and now he is pitching his idea to the public ; Having convinced Sir Richard Branson that his Boxhug business is a great idea, Derby-based Ukrainian entrepreneur Igor Rubets has to convince the general public.