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Virgin Atlantic stake sale completed

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24 June 2013 – Singapore Airlines has completed the sale of its 49% stake in Virgin Atlantic Ltd to Delta Air Lines.

As announced on 11 December 2012, Delta agreed to pay US$360 million in cash for Singapore Airlines’ entire shareholding in the UK-based airline group.

Commercial arrangements between Singapore Airlines and Virgin Atlantic, encompassing codesharing, frequent-flyer programme cross participation and reciprocal lounge access, will remain in place.

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