Singapore Airlines said on Monday it is in talks to sell its stake in Virgin Atlantic, a move that could shake up air travel in Asia and Europe.
The airline said it was in discussions with interested parties about a sale, but cautioned that the negotiations may not result in a deal.
Singapore Airlines has held 49 per cent of Virgin Atlantic since 1999, while British entrepreneur Richard Branson has retained a controlling share.
Singapore Airlines did not list potential suitors, but multiple media reports suggest Delta Airlines is participating in talks.
A spokeswoman for the US carrier declined to comment and representatives from Virgin Atlantic did not respond to a request for comment.
Should Singapore Airlines divest, the sale would be the latest round of shuffling in the merger-happy airline industry.
Carriers have turned to consolidation in recent years as rising fuel costs and weak demand have affected profitability.
All feeds
