Air France-KLM confirms plans to renounce acquisition of a stake in Virgin Atlantic

Air France-KLM and Virgin Atlantic confirmed (04-Dec-2019) Air France-KLM's acquisition of a stake in Virgin Atlantic is "no longer necessary" and the companies are negotiating an agreement whereby Air France-KLM will not acquire the stake. The agreement will not impact Air France-KLM's position in the commercial Delta Air Lines-Virgin Atlantic-Air France-KLM JV. [more - original PR]