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News Breaks December 11, 2012 08:11 EDT DAL Correction: Delta to invest $360M in acquiring 49% stake in Virgin Atlantic Delta Air Lines and Virgin Atlantic Airways have reached an agreement for a new joint venture that will create an expanded trans-Atlantic network and enhance competition between the U.K. and North America, offering greater benefits for customers traveling on those routes. As part of this joint venture agreement, Delta will invest $360M in Virgin Atlantic, acquiring a 49% stake currently held by Singapore Airlines. Virgin Group and Sir Richard Branson will retain the majority 51% stake and Virgin Atlantic Airways will retain its brand and operating certificate. Delta also will begin introducing in-flight WiFi service on international flights beginning in 2013. This corrects previous story that said Delta will acquire 49% stake in Singapore Airlines. News For DAL From The Last 14 Days Check below for free stories on DAL the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 16, 2013 08:28 EDT DAL EU to decide on Delta, Virgin deal next month, Reuters reports EU antitrust regulators will decide by June 20 whether to clear a bid by Delta Air Lines for a 49% stake in Virgin Atlantic, reports Reuters. Reference Link May 15, 2013 09:29 EDT DAL Delta Air Lines says expects 'record' June quarter Subscribe for More Information May 14, 2013 07:17 EDT DAL BofA/Merrill to host a conference Subscribe for More Information May 10, 2013 06:47 EDT DAL Delta says airlines have new priorities, NY Times reports Delta Air Lines' bright, spacious new terminal at New York's Kennedy Airport reflects airlines' new emphasis on better amenities and service, Delta stated, according to the New York Times. The airlines, whose finances have improved, are no longer competing primarily based on price, the newspaper stated. Reference Link May 9, 2013 10:53 EDT DAL Gol Linhas, Delta expand codeshare agreement Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.