Branson Backtracks On Plan To Offload Virgin Atlantic Shareholding

Credit: Rob Finlayson
LONDON—Virgin Atlantic chairman Richard Branson is to retain control of the airline through his Virgin Group, scrapping plans to sell 31% of the carrier to Air France/KLM. At present, Branson holds 51% of the UK-based long-haul specialist, with Delta Air Lines holding the remaining 49%. Under plans...

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