are there any 747 -8's flying in passenger service yet?? I know there are some freight versions around.Concorde Lover said:Be better if it was 747-8i's replacing the -400's instead!!
http://online.wsj.com/article/SB1000142 ... 16158.htmlDelta Buys Virgin Atlantic Stake for $360 Million
A WALL STREET JOURNAL ONLINE NEWS ROUNDUP
Delta Air Lines Inc. DAL +0.30%agreed to buy a 49% stake in Virgin Atlantic Airways Ltd. for $360 million, a deal that will boost the U.S. carrier's presence at London's congested Heathrow Airport and continue a run of cut-price deals to expand its network.
The No. 2 U.S. carrier by traffic acquired the stake from Singapore Airlines Ltd. C6L.SG +0.66%Virgin Group and founder Richard Branson will retain the majority 51% stake and Virgin Atlantic Airways will retain its brand and operating certificate, the companies said in a statement Tuesday.
Delta is already the largest U.S. carrier by traffic on routes to Europe and Asia, but it trails rivals AMR Corp.'s AAMRQ +0.17%American Airlines and United Continental Holdings Inc. UAL +1.85%on services to Heathrow, the world's busiest international hub and a rich source of premium business driven by the city's financial-services sector.
Virgin is the third-largest airline at Heathrow, where takeoff and landing slots suitable for trans-Atlantic flights are a highly prized commodity as the airport is running at full capacity. Continental Airlines, a predecessor of United Continental Holdings, in 2007 paid $209 million for just four daily pairs of slots at Heathrow. Virgin controls enough slots to operate 304 flights a week.
Singapore Airlines paid £600 million ($962 million) for its Virgin stake in 1999, though it didn't pursue integration with the U.K. carrier.
Rival British Airways , IAG.MC +0.66%part of International Consolidated Airlines Group SA, controls almost 50% of the slots at Heathrow and is the dominant player on flights to the U.S., operated in partnership with American Airlines in a joint venture that enjoys the same antitrust immunity Delta is expected to pursue with Virgin.
Delta passengers would be able to connect to Virgin's long-haul routes out of London and take advantage of some new domestic short-haul flights the U.K. carrier plans to add next year.
Atlanta-based Delta had more than $5 billion in cash at Sept. 30 and has been innovative in deploying resources. It bought an oil refinery to smooth volatility in jet-fuel prices, continues to buy or lease older, used aircraft it can park if demand declines and picked up minority stakes in two Latin American carriers—Aeroméxico and Brazil's Gol—to boost its presence in the region.
Well it seems the Virgin Atlantic venture into domestic air travel will be short lived given the latest press reports suggesting the Little Red is to close.tomleeds said:Breaking News:
Virgin Atlantic have finally won the rights to operate short-haul domestic routes out of Heathrow. They have been also been granted access to fly into; Edinburgh and Aberdeen to compliment their proposed Manchester route.
Here's a photo of one of their A320s, G-VMAN on Facebook - http://www.facebook.com/photo.php?fbid= ... =1&theater
BBC Article: http://www.bbc.co.uk/news/uk-scotland-s ... s-20384801 [New 10hours ago]