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Report: Delta mulls stake in Virgin

Published: 12/3/12 @ 12:00


Report: Delta mulls stake in Virgin

NEW YORK

Delta Air Lines Inc. is mulling the purchase of a 49 percent stake in British airline Virgin Atlantic Airways from Singapore Airlines Ltd., according to media reports.

The remaining 51 percent of Virgin Atlantic is owned by Richard Branson, who founded the airline in 1984.

Singapore has been considering selling its stake in Virgin for several years and has talked with Delta about a sale in the past, according to the Wall Street Journal.

Merkel: Forgiving Greek debt possible

BERLIN

Germany no longer rules out the possibility of forgiving Greece some of its debt once the country’s finances are in order, Chancellor Angela Merkel said, signaling a softening of her government’s tough stance on Greece.

The question of debt forgiveness, or a “haircut,” can be revisited after the current bailout program will be successfully concluded and the government in Athens no longer takes on new debt, Merkel said in an interview with the German Sunday tabloid Bild am Sonntag.

Associated Press