Virgin Atlantic is aided by Delta deal with new CEO

02/10/2013 | Bloomberg Businessweek

Just four weeks after Delta Air Lines agreed to pay Singapore Airlines $360 million for a 49% stake in Virgin Atlantic Airways, Virgin Atlantic welcomed new CEO Craig Kreeger from the U.S. "There's now a shareholder with a significant strategic interest in what Virgin Atlantic brings them," said outgoing CEO Steve Ridgway. Of Kreeger, Ridgway said, "He brings a wealth of experience at American in dealing and working with British Airways. That's what we need because we've got to put together this North Atlantic joint venture now and there is a set of skills there that Virgin needs to have."

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