Delta Air Lines president and chief operating officer Fred Reid is being tipped as the first chief executive of the Virgin Group's planned low-fare airline in the USA.

The Financial Times reports on its website that Virgin Group is in final discussions with Reid about the position and the talks now centre on contract terms.

Talks reportedly began in December after 53-year-old Reid was passed over as chief executive of SkyTeam carrier Delta when Leo Mullin resigned.

The top job was given to Gerald Grinstein. The newspaper adds that Reid could leave Delta as early as 15 April.

Source: Flight Daily News