Tag Archives: Virgin Atlantic Airways

Delta, Virgin Atlantic Seek Antitrust Immunity to Boost U.S.-U.K. Flights

By Rich Duprey, The Motley Fool

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Seeking to become more effective competitors on routes between North America and the United Kingdom, Delta Air Lines and Virgin Atlantic Airways have filed an application with the U.S. Transportation Department seeking antitrust immunity for their new joint venture.

The companies said in a Monday press release announcing the filing that because 60% of the slots at London Heathrow Airport are currently controlled by a joint venture of AMR‘s American Airlines and British Airways, they dominate air travel between the U.S. and the U.K. Those two airlines previously received antitrust immunity allowing allowed them to coordinate their schedules and fares.

Combining Virgin’s Heathrow slots with Delta’s U.S. network will offer significant competition in the market and serve consumers on both sides of the Atlantic, the companies argue. Delta in December announced it is buying a 49% stake in Virgin from Singapore Airlines, with Virgin founder Richard Branson retaining a 51% ownership position. 

Delta President Ed Bastian said in Monday’s press release that “Approval of antitrust immunity would allow travelers to take full advantage of all the aspects of the Delta-Virgin joint venture and enjoy the benefits of increased competition, particularly on flights to and from London Heathrow Airport.”

Under the proposed joint venture, Delta and Virgin Atlantic would coordinate schedules, network planning, pricing, and revenue management functions, sales, and other aspects of their services between North America and the U.K.

The airlines are also seeking antitrust immunity for five-way coordination on U.K.-to-North America traffic among Delta, Virgin Atlantic, Air France, KLM, and Alitalia. Delta already operates a joint venture with the other three European airlines.

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The article Delta, Virgin Atlantic Seek Antitrust Immunity to Boost U.S.-U.K. Flights originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance

Virgin Atlantic Welcomes Chase Ultimate Rewards Cardholders Onboard

By Business Wirevia The Motley Fool

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Virgin Atlantic Welcomes Chase Ultimate Rewards Cardholders Onboard

Chase Sapphire Preferred ® , Ink Plus ® and Ink Bold ® Cardholders Travel Worldwide in Comfort and Style with Newest Ultimate Rewards SM Point Transfer Partner

WILMINGTON, Del.–(BUSINESS WIRE)– Chase Card Services, a division of JPMorgan Chase & Co., today announced the addition of Virgin Atlantic, Richard Branson’s trans-Atlantic airline, as its newest Ultimate RewardsSM point transfer partner. A premier rewards program for cardholders that seek travel redemption alternatives that offer flexibility, ease and value, Ultimate Rewards‘ new partnership allows cardholders to redeem points for travel on Virgin Atlantic and experience its innovative service and style to London and destinations all over the world.

“We are thrilled that Virgin Atlantic‘s Flying Club has joined Ultimate Rewards,” said Jennifer Roberts, president, Affluent & High Net Worth, Chase Card Services. “With Ultimate Rewards, our cardholders will now enjoy added flexibility that allows them to transfer and combine points with Virgin Atlantic miles. Virgin Atlantic Flying Club Miles can be used for flights, upgrades and even unique experiences in the UK to make a trip even more memorable.”

Under this new partnership, Chase Sapphire Preferred®, Ink Plus® and Ink Bold® cardholders will now be able to instantly transfer Ultimate Rewards points to Flying Club, Virgin Atlantic‘s travel rewards program. Points are transferred at full value – meaning one Ultimate Rewards point is equal to one Flying Club mile.

“We’re looking forward to welcoming Chase customers onboard and know that they’ll love to redeem points for travel with Virgin Atlantic. We like to give our customers an extraordinary experience — whether it’s our complimentary food and drinks service, our award-winning inflight entertainment or our phenomenal cabin crew,” said Alan Lias, Head of Loyalty & Ancillary Revenue Development, Virgin Atlantic Airways. “In addition, the partnership is coming at an exciting time, as we begin our first UK domestic flights, allowing our passengers to seamlessly travel from London Heathrow, onto Edinburgh, Manchester and Aberdeen.”

Points can be transferred in increments of 1,000 and there are no limits to the number of points cardholders can transfer to Flying Club. Once transferred, points can be redeemed for travel and upgrades on Virgin Atlantic, or one of many travel partners, including Air China, Air New Zealand, Cyprus Airways, Gulf Air, Hawaiian Airlines, Jet Airways, Malaysia Airlines, SAS, Singapore Airlines, South African Airlines, Virgin America and Virgin Australia.

In addition to the point transfer benefit to Virgin Atlantic and other travel partners, eligible customers can use 20 percent fewer …read more

Source: FULL ARTICLE at DailyFinance