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Air France-KLM Takes 31% Stake in Virgin Atlantic

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  • Air France-KLM Takes 31% Stake in Virgin Atlantic

The French-Dutch airline Air France-KLM announced Thursday it was taking a 31 percent state in Britain’s Virgin Atlantic for 220 million pounds ($287 million, 246 million euros).

“The operation is expected to take place in 2018 after approval by the appropriate regulatory authorities,” Air France-KLM said in a statement.

The airline will become Virgin Atlantic’s second biggest shareholder after the US carrier Delta Airlines, which holds 49 percent.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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