VIRGIN ATLANTIC CONFIRMS MERGERS ARE A POSSIBILITY

Virgin Atlantic has received a number of enquiries about potential merger and/or tie-up partners it confirmed yesterday. Among those expressing interest is reported to be Delta Air Lines of the US. Such is the interest from Delta that they are reported to have hired Goldman Sachs as an advisor. Virgin, which has Deutsche Bank employed to assess growth opportunities and ensure it remains a market force, said it was too early to go into details and it expects Deutsche Bank’s work to run “for a number of months.” Last year, Virgin ended talks with Deutsche Lufthansa about a potential acquisition