As an american company, Delta can't be the majority shareholders - this seems to be the latest position?
https://inews.co.uk/news/business/ri...ce-klm-1330277
Sir Richard Branson is close to retaining control of his airline Virgin Atlantic Airways following talks to abandon plans for Air France-KLM to acquire more than half of his 51 per cent stake in the carrier.
The billionaire entrepreneur has agreed with the Franco-Dutch group to cancel plans for him to sell 31 per cent of Virgin Atlantic for £220m, meaning Sir Richard will keep control of the group, with US carrier Delta Air Lines holding 49 per cent.
Sir Richard said: “We have agreed, subject to contract, with our new joint venture partners, that our family will continue to hold the 51 per cent of Virgin Atlantic shares we own.