SIA sells Virgin Atlantic stake for $ 360 m

Thursday, 27 June 2013 00:41 - - {{hitsCtrl.values.hits}}

Singapore Airlines has completed the sale of its 49% stake in Virgin Atlantic Ltd. to Delta Air Lines. As announced on 11 December 2012, Delta agreed to pay US $360 million in cash for Singapore Airlines’ entire shareholding in the UK-based airline group. Commercial arrangements between Singapore Airlines and Virgin Atlantic, encompassing codesharing, frequent-flyer program cross participation and reciprocal lounge access, will remain in place.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.