Shearman & Sterling is advising Singapore Airlines in the sale of its 49 percent stake in Virgin Atlantic to Delta Airlines. Delta will invest $360 million in Virgin Atlantic, acquiring the 49 percent stake currently held by Singapore Airlines. Virgin Group and Sir Richard Branson will retain the majority 51 percent stake.
The Shearman & Sterling team included partners James Comyn (Mergers & Acquisitions), Trevor Soames(Antitrust/Competition), Dale Collins (New York-Antitrust/Competition), and Iain Scoon (Tax), assisted by Michael Scargill and Vikki Fabian on M&A, James Webber and Mark English on antitrust/competition aspects and James Leslie on tax.
