22 days ago
IAG CEO sees little change from Delta, Air France-KLM and Virgin pact
IAG Chief Executive Willie Walsh said on Friday that a reshaped alliance between Delta, Air France-KLM and Virgin was unlikely to change much in the industry, adding that it was too early to say what the impact of the arrangement would be. Delta Air Lines, Air France-KLM and Virgin Atlantic unveiled plans on Thursday to combine two overlapping transatlantic joint-ventures, supported by equity deals worth $1 billion, as airlines brace for more competition. "We'll wait and see, but at this stage I don't think it's going to make much of a difference... (Virgin) has been in effect been controlled by Delta for several years.