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China Eastern and Delta complete Air France-KLM buy-in

Air France, Delta Air Lines and China Eastern Airlines have completed a series of share transactions aimed at strengthening their strategic partnership. Under the agreement, which was originally announced July 27, China Eastern and Delta are each taking a 10% stake in Air France-KLM, which will in turn acquire 31% of Virgin Atlantic. “Each of China Eastern Airlines and Delta Air Lines now holds 10% of Air France-KLM’s share capital and has consequently one director representing it at Air France-KLM’s board of directors,” Air France said. Over 75m new Air France-KLM shares have been admitted to the Euronext Paris and Amsterdam stock exchanges, injecting E751m (US$893m) into Air France-KLM. <br/>