Anderson Says Delta Acquired 49% Virgin Atlantic Stake

Richard Anderson, chief executive officer of Delta Air Lines Inc. (DAL), and Julie Southern, chief commercial officer of Virgin Atlantic Airways Ltd., talk about Delta's agreement to buy a 49 percent stake in Richard Branson's Virgin Atlantic Airways for $360 million.

The carriers will begin a joint venture on 31 daily round-trip flights between the U.K. and North America as they use Virgin Atlantic's base at London's Heathrow airport, according to a statement today. (Source: Delta Air Lines/Virgin Atlantic Airways)

03:51 Anderson: joint venture's strategy 06:20 Southern: "very major step forward" 06:23 Anderson and Southern respond to questions.

Running Time: 27:43

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