Delta Air Lines Inc. is buying almost half of British airline Virgin Atlantic for $360 million as it aims to boost its share of the lucrative New York-to-London market.
Delta says it will form a joint venture with Virgin Atlantic, where the two airlines would share money from the flights operated under the partnership.
Sir Richard Branson will still own more than half of Virgin Atlantic, which will continue to fly as a separate airline under its own name.
Landing rights at London's Heathrow Airport are limited. So buying part of Virgin Atlantic will help Delta get a bigger piece of the travel market there.
The joint venture needs approval from U.S. and European regulators. Delta is aiming to have the joint operation running by the end of 2013.
Tuesday, June 18 2013 11:01 PM EDT2013-06-19 03:01:57 GMT
Photo courtesy of @N42_21_W71_04)
Riders should anticipate some changes but "near normal" service on the Long Island Rail Road for the Wednesday morning rush.
Riders should anticipate some changes but "near normal" service on the Long Island Rail Road for the Wednesday morning rush. Crews have bee working to repair tracks and switches after Monday's derailment.
Tuesday, June 18 2013 9:50 PM EDT2013-06-19 01:50:52 GMT
FDNY photo via Twitter
Emergency responders rescued a worker who was trapped when a trench collapsed Tuesday evening at a Queens construction site that was supposed to be closed.
Emergency responders rescued a worker who was trapped when a trench collapsed Tuesday evening at a Queens construction site that was supposed to be closed.
Tuesday, June 18 2013 8:34 PM EDT2013-06-19 00:34:07 GMT
It's a sight that can trigger dread. The low-battery message appears on your cell phone when there's no charger around.
It's a sight that can trigger dread. The low-battery message appears on your cell phone when there's no charger around. Now New York City has teamed up with AT&T to install 25 solar powered charging stations over the summer.
Tuesday, June 18 2013 3:32 PM EDT2013-06-18 19:32:12 GMT
NYC
Nearly 3 million New Yorkers' homes are now in evacuation zones that cover more than a third of the city's population, under new maps released Tuesday.
Nearly 3 million New Yorkers' homes are now in evacuation zones that cover more than a third of the city's population, under new maps released Tuesday.In the wake of Superstorm Sandy, officials said last month, the number of zones would double and encompass about 600,000 more residents.
Monday, June 17 2013 6:03 PM EDT2013-06-17 22:03:08 GMT
Mayor Michael Bloomberg has tried to limit the size of soda consumption, ban smoking in parks, encourage bike riding and now there"s another possible plan on the table: mandate recycling of food waste.
West Side resident Matt Murphy has stored a pail of leftovers on his floor for the last two months. His building is part of the city's food-recycling pilot program. Mayor Bloomberg wants to expand the program citywide.
Monday, June 17 2013 8:36 AM EDT2013-06-17 12:36:36 GMT
Five passengers from a New York bound EgyptAir flight diverted to a Scottish airport over an apparent threat to destroy the aircraft are now seeking asylum in Britain, authorities said.
Five passengers from a New York bound EgyptAir flight diverted to a Scottish airport over an apparent threat to destroy the aircraft are now seeking asylum in Britain, authorities said.
Monday, June 17 2013 8:21 AM EDT2013-06-17 12:21:23 GMT
Related Companies, a major landlord across the country, is banning smoking in all of its apartments. The new rule is meant to create healthier living conditions, according to company officials.
Related Companies, a major landlord across the country, is banning smoking in all of its apartments. The new rule is meant to create healthier living conditions, according to company officials.
Monday, June 17 2013 7:02 AM EDT2013-06-17 11:02:34 GMT
Two New York City Council committees are holding a hearing on glitches to the city's emergency 911 system that at times have forced phone operators to resort to pen and paper.
Two New York City Council committees are holding a hearing on glitches to the city's emergency 911 system that at times have forced phone operators to resort to pen and paper.
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