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Virgin Atlantic Rejects Purchase Deal @aeronauticsonline UTC This move was likely announced as an effort for Delta to circumvent international ownership laws, which in the UK prevent a foreign company from owning over 49% of a domestic corporation. However, while the new joint venture agreement shows no signs of stopping, Richard Branson, majority shareholder in Virgin Atlantic, with a 51% stake, has stepped away from the purchase deal. Prev Next Comments

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