Singapore Airlines In Virgin Sell-Off Talks

Singapore Airlines (SES: C6L.SI - news) confirms it is in talks to sell its 49% stake in British carrier Virgin Atlantic.

SIA (SES: E1:C6L.SI - news) did not name the interested parties, but the Reuters news agency reported that Delta Air Lines (NYSE: DAL - news) had held recent talks to buy SIA's stake.

Delta (BSE: DELTACORP.BO - news) , the second-largest US airline by operating revenue, has been looking to acquire a stake in Virgin Atlantic for more than two years in an effort to expand its access to London's Heathrow airport, sources said.