Virgin Atlantic Airways may soon have a new shareholder. Singapore Airlines is in talks to sell its 49 percent stake in Virgin Atlantic to Delta Air Lines. A deal would help Delta lay claim to highly competitive US to London airline routes.
Europeans may be tightening their belts, but they're still flying Ryanair, whose profits were up in the first half of 2012. And the airline is eying expansion in Eastern Europe, Africa, and even the US.
Aer Lingus, the Irish jetliner may be bought out by Ryanair. Europe's leading budget airline has offered $880.7 million for Aer Lingus and called on the cash-strapped Irish government to sell its key stake in the airliner.