Delta Bets Big On Virgin Territories
Delta Bets Big On Virgin Territories
In 2008, when slot values at London Heathrow Airport were at their peak, Continental Airlines paid more than $200 million to acquire four landing slot-pairs. Four years later, Delta Air Lines has struck a deal to acquire 49% of Virgin Atlantic—which controls 44 long-haul landing slot pairs at Heathrow—from Singapore Airlines for the bargain-basement price of $360 million.
By Andrew Compart