Branson, 67, said in a letter posted on the Virgin Atlantic website that cooperation with Air France-KLM will help provide feeder traffic from mainland Europe together with onward routes there.
Airline giant Air France-KLM has bought a stake in Virgin Atlantic equal to around a third of the company.
Under the sharing investment accord, state-owned China Eastern Corp.
Air France-KLM has announced a jump in profits as it expands its global alliances and readies to launch a new budget airline.
The long-term partnership, which would last at least 15 years, would offer reciprocal frequent-flyer benefits, including the ability to earn and redeem miles across all carriers.
Anne Hathaway may be replacing Amy Schumer in the "Barbie" movie
Based on the famous doll line, the film is now slated for a June 29, 2018 , release and is produced by Amy Pascal, Walter F. The film is expected to be PG and a broader family comedy along the lines of Splash, Enchanted and Big .
Sir Richard Branson's reign over Virgin Atlantic has come to an end.
Delta and China Eastern will each acquire a 10 percent stake in Air France-KLM by subscribing new shares through capital increases totalling €751 million.
But equity alliances don't always work out.
It's no different this time, with Delta gaining one Air France-KLM board seat if the measure is approved by shareholders, boards and governments.
Delta Chief Executive Ed Bastian said airlines need stronger partnerships to compete in an increasingly "dynamic global landscape". It also announced a joint venture with Korean Air Lines to coordinate across the Pacific. The correct version of this news story can be accessed at https://baseballnewssource.com/markets/air-france-klm-sa-aflyy-receives-consensus-recommendation-of-hold-from-brokerages-updated-updated-updated/1121103.html. Royal Bank Of Canada upgraded shares of Air France-KLM SA from a "sector perform" rating to an "outperform" rating in a research note on Tuesday, June 27th. The partnership would give the joint venture more control over the lucrative London market for trans-Atlantic flights.
Branson added that part of the arrangement was that the Virgin Atlantic brand continue to exist, and he remains the largest individual shareholder of it.