Delta Air Lines Inc. is buying almost half of British airline Virgin Atlantic for $360 million as it aims to boost its share of the lucrative New York-to-London market.
Delta says it will form a joint venture with Virgin Atlantic, where the two airlines would share money from the flights operated under the partnership.
Sir Richard Branson will still own more than half of Virgin Atlantic, which will continue to fly as a separate airline under its own name.
Landing rights at London's Heathrow Airport are limited. So buying part of Virgin Atlantic will help Delta get a bigger piece of the travel market there.
The joint venture needs approval from U.S. and European regulators. Delta is aiming to have the joint operation running by the end of 2013.
Wednesday, May 22 2013 7:51 AM EDT2013-05-22 11:51:16 GMT
Anthony Weiner's run for a renaissance is officially on.
Anthony Weiner's run for a renaissance is officially on. The ex-congressman whose career imploded in a rash of raunchy tweets two years ago said in a YouTube video announcement late Tuesday that he's in the New York City mayoral race.
Tuesday, May 21 2013 1:15 PM EDT2013-05-21 17:15:24 GMT
An NYPD detective is accused of hacking into department computers and obtaining information about dozens of people including co-workers. Edwin Vargas was arrested Tuesday outside his home in Bronxville.
An NYPD detective is accused of hacking into department computers and obtaining information about dozens of people including co-workers.
Sunday, May 19 2013 10:57 PM EDT2013-05-20 02:57:40 GMT
The federal judge presiding over civil rights challenges to the stop-and-frisk practices of the New York Police Department has no doubt where she stands with the government.
The federal judge presiding over civil rights challenges to the stop-and-frisk practices of the New York Police Department has no doubt where she stands with the government.
Thursday, May 16 2013 6:47 PM EDT2013-05-16 22:47:54 GMT
The MTA and Gov. Andrew Cuomo announced that the A train subway will run its route all the way to the Rockaways starting May 30, seven months after Superstorm Sandy washed away the track support bed.
The MTA and Gov. Andrew Cuomo announced that the A train subway will run its route all the way to the Rockaways starting May 30, seven months after Superstorm Sandy washed away the track support bed.
Thursday, May 16 2013 6:06 PM EDT2013-05-16 22:06:34 GMT
A smuggling ring that made a fortune selling more than a million cartons of untaxed cigarettes in New York may have funneled some of the illicit proceeds to terrorist groups, authorities said.
A smuggling ring that made a fortune selling more than a million cartons of untaxed cigarettes in New York may have funneled some of the illicit proceeds to terrorist groups, authorities said.
Thursday, May 16 2013 1:17 PM EDT2013-05-16 17:17:42 GMT
Several New York lawmakers are sounding the alarm about security and safety lapses at day care centers across New York City.
Several New York lawmakers are sounding the alarm about security and safety lapses at day care centers across New York City. In a report released Thursday, dozens of daycares cited by the Dept. of Health for serious and critical health code violations since 2010, have not fixed the problems and continue to operate without penalty.
Wednesday, May 15 2013 11:08 PM EDT2013-05-16 03:08:35 GMT
A judge in Manhattan put the brakes on the so-called Taxi of Tomorrow because the Nissan-built minivan does not come in a hybrid version -- a violation of the city code.
A judge in Manhattan put the brakes on the so-called Taxi of Tomorrow because the Nissan-built minivan does not come in a hybrid version -- a violation of the city code.
Tuesday, May 14 2013 9:54 PM EDT2013-05-15 01:54:43 GMT
The FDNY must subject itself to court supervision for five years to ensure it does not discriminate against blacks and Hispanics in its hiring practices, a federal appeals court said.
The FDNY must subject itself to court supervision for five years to ensure it does not discriminate against blacks and Hispanics in its hiring practices, a federal appeals court said.
