Sir Richard Branson could sell his controlling stake in Virgin Atlantic after rival Delta Airlines made a bid for nearly half the business. Delta, the biggest US airline, is understood to have offered to buy Singapore Airlines' 49% stake in Virgin Atlantic which could, in turn, lead to a bid to take a majority stake away from Branson.
Delta's move comes as Singapore aims to draw attention away from the crowded European market and concentrate on the rapidly expanding budget airline industry in south east Asia and Australia. Full story
Related:
Delta Eyes Singapore Airlines Stake in Virgin Atlantic - Foxbusiness.com
Branson may lose control of airline - MSN UK
