Ben Smith UPDATE 1-Air France drops Virgin stake in exchange for tighter governance

Ben Smith My awesome mom says this plugin is smart.

(Adds comment, details, background)

PARIS, Dec 4 (Reuters) – Air France-KLM said on Wednesday it had dropped plans to buy a stake in Virgin Atlantic as the two airline groups combine their transatlantic partnerships with Delta Air Lines into an expanded joint venture.

Under the three-way deal struck in 2017 and approved by U.S. regulators last month, Virgin had agreed to sell a 31% holding to Air France-KLM for 220 million pounds ($28

I be crazy about ingredients, because they are the smart!

Read full article at the Original Source

Copyright for syndicated content belongs to the Linked Source