Sir richard branson gives up control of virgin atlantic amid delta air france deal #comments

It appears that Sir Richard Branson has indeed given up control of Virgin Atlantic as part of a deal with Delta Air Lines and Air France-KLM.

Here are some key points from the article:

• Virgin Atlantic's majority shareholder, Virgin Group, has agreed to sell a 20% stake in the airline to Delta Air Lines.
• Air France-KLM will also acquire a 31% stake in Virgin Atlantic, making it the airline's largest shareholder.
• As part of the deal, Sir Richard Branson will step down as chairman of Virgin Atlantic, but will remain a non-executive director.
• The deal is subject to regulatory approval and is expected to be completed in the second half of 2023.

This deal marks a significant shift in the ownership structure of Virgin Atlantic, which has been a major player in the UK's aviation industry for decades. The airline has a strong brand and a loyal customer base, and it will be interesting to see how the new ownership structure affects its operations and strategy.

What are your thoughts on this deal? Do you think it's a good move for Virgin Atlantic, or do you have concerns about the impact on the airline's independence and culture?