S&C represents Delta Air Lines in its €375 million investment to acquire 10 percent equity in its joint venture partner, Air France-KLM Group.  Additionally, Delta, Air France and Virgin Atlantic Airways Limited announced that they will launch a combined long-term joint venture, supported by a 31 percent investment by Air France in Virgin Atlantic.

The S&C team on the transaction was led by Olivier de Vilmorin and Keith Pagnani, as well as Kiran Kadekar, Arnaud Berdou and Nicolas Karmin.