Delta Airlines has reached an agreement to buy out Singapore Airlines' 49% stake in the Virgin Atlantic Group for $360 million. Yet another brilliant move by the savvy management of Delta Air Lines, gaining a giant foothold in the coveted Heathrow Airport in one fell swoop. Delta will certainly achieve what Singapore Airlines failed to do, namely to leverage those valuable slots at Heathrow into a meaningful presence, filling the gaping hole that was missing for the Sky Team. With their partnership with Air France, KLM and Alitalia, Delta and the Sky Team, this Virgin move puts the final touch for a formidable presence in Europe and beyond, and will certainly create meaningful competition to British Airways' dominance over Heathrow.www.premieretravel.com
