« United Airlines Sells JFK-London Route to Delta Air Lines | Main | US Airways Group Inc., CEO Parker Looking for Another Merger Partner? »

Jul31
Delta Air Lines Buys Route for $21 Million
On the last post I told you that Delta Air Lines was going to buy the JFK-London route from United Airlines.  Well Delta has come out with a price they said they paid for the route.  United Airlines could get up to $21 million for the route. 
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Delta plans up to three flights a day between New York's John F. Kennedy International Airport and London's Gatwick Airport, with the first expected to start in the fall, spokeswoman Betsy Talton said.

It plans to add up to two more flights a day next year, Talton said.

Atlanta-based Delta, which is operating under bankruptcy protection, would pay $13 million to United Airlines once the deal closed, with additional payments of $2 million per year, unless an "Open Skies" agreement were reached.

The United States and Europe have been in talks aimed at eliminating restrictions on service and routes between them under a so-called open skies agreement.

The Delta deal is subject to U.S. Department of Transportation approval and other closing conditions. United will discontinue its service between New York and London's Heathrow Airport at the end of October.

Reuters.com

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« United Airlines Sells JFK-London Route to Delta Air Lines | Main | US Airways Group Inc., CEO Parker Looking for Another Merger Partner? »

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