Delta, Air France-KLM, Virgin Atlantic, and China Eastern have announced a billion-dollar mega-deal

Delta Air Lines and China Eastern Airlines have announced that they have each purchased 10% of Air France-KLM.

Delta and China Eastern’s stake in Air France-KLM comes in the form of new shares from capital increases valued at $875 million.

In addition, Air France-KLM has agreed to purchase a 31% stake in Virgin Atlantic Airways from Sir Richard Branson’s Virgin Group valued at $287 million.

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