Singapore Airlines is to sell its 49% stake in Richard Branson's Virgin Atlantic, with Delta Air Lines emerging as the buyer, according to reports.
Mr Branson holds a controlling 51% in the West Sussex-based carrier which began operations in 1984.
A partnership with Virgin would allow US-based Delta to access the lucrative transatlantic business travellers market between the US and London.
Singapore Air bought its 49% stake in Virgin in 2000 for about £551m ($884m) and has since made regular investments in the airline, which made an operating loss of £80 million in the last financial year.
Delta, the second-biggest US airline, has been looking to buy into Virgin for more than two years, as it looks to increase its access to London's Heathrow airport.
Virgin is the second-biggest airline at Heathrow airport.BLOG COMMENTS POWERED BY DISQUS