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Branson not selling Virgin Blue stake

written by australianaviation.com.au | July 29, 2010
photo - Paul Sadler

Sir Richard Branson told journalists in Sydney that he has no plans to sell down the Virgin Group’s stake in Virgin Blue, despite some friction during recent months over the planned new name for the airline.

“No plans to sell any stake to anybody, that’s all I can say at this stage,” Sir Richard said in response to a reporter’s question while in Sydney on July 27. The Virgin Group currently owns a 25.9 per cent interest in the airline, making it the largest shareholder.

Sir Richard’s denial comes after Air New Zealand denied speculation that it was planning to buy a cornerstone stake in Virgin Blue ahead of the expected approval for the two airlines to operate an alliance on trans-Tasman services. It also comes amid reports of a strained relationship between Virgin Blue and the Virgin Group over a planned rebranding of the airline, which has reportedly been postponed due to a standoff over the Virgin licensing agreement.

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Steer your own in-flight experience – available on print and digital Whether our classic glossy magazine in your letterbox, daily news updates in your inbox, peeling back a few layers in the podcast or our monthly current affair reports, you can count on us to keep you up to date. Sign up today for just $99.95 for more exclusive offers here. Subscribe now at australianaviation.com.au.

Branson not selling Virgin Blue stake

written by australianaviation.com.au | July 29, 2010
photo - Paul Sadler

Sir Richard Branson told journalists in Sydney that he has no plans to sell down the Virgin Group’s stake in Virgin Blue, despite some friction during recent months over the planned new name for the airline.

“No plans to sell any stake to anybody, that’s all I can say at this stage,” Sir Richard said in response to a reporter’s question while in Sydney on July 27. The Virgin Group currently owns a 25.9 per cent interest in the airline, making it the largest shareholder.

Sir Richard’s denial comes after Air New Zealand denied speculation that it was planning to buy a cornerstone stake in Virgin Blue ahead of the expected approval for the two airlines to operate an alliance on trans-Tasman services. It also comes amid reports of a strained relationship between Virgin Blue and the Virgin Group over a planned rebranding of the airline, which has reportedly been postponed due to a standoff over the Virgin licensing agreement.

Advertisement
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Steer your own in-flight experience – available on print and digital Whether our classic glossy magazine in your letterbox, daily news updates in your inbox, peeling back a few layers in the podcast or our monthly current affair reports, you can count on us to keep you up to date. Sign up today for just $99.95 for more exclusive offers here. Subscribe now at australianaviation.com.au.

Branson not selling Virgin Blue stake

written by australianaviation.com.au | July 29, 2010
photo - Paul Sadler

Sir Richard Branson told journalists in Sydney that he has no plans to sell down the Virgin Group’s stake in Virgin Blue, despite some friction during recent months over the planned new name for the airline.

“No plans to sell any stake to anybody, that’s all I can say at this stage,” Sir Richard said in response to a reporter’s question while in Sydney on July 27. The Virgin Group currently owns a 25.9 per cent interest in the airline, making it the largest shareholder.

Sir Richard’s denial comes after Air New Zealand denied speculation that it was planning to buy a cornerstone stake in Virgin Blue ahead of the expected approval for the two airlines to operate an alliance on trans-Tasman services. It also comes amid reports of a strained relationship between Virgin Blue and the Virgin Group over a planned rebranding of the airline, which has reportedly been postponed due to a standoff over the Virgin licensing agreement.

Advertisement
Advertisement

Steer your own in-flight experience – available on print and digital Whether our classic glossy magazine in your letterbox, daily news updates in your inbox, peeling back a few layers in the podcast or our monthly current affair reports, you can count on us to keep you up to date. Sign up today for just $99.95 for more exclusive offers here. Subscribe now at australianaviation.com.au.

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