iscover
On the up
AUTHOR: Geoffrey Thomas
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Virgin ‘Elevates’ to top of the pile
Virgin Australia has opened the door to a significant recapitalisation by foreign airlines or investors such as Etihad Airways, with sweeping changes to its ownership structure.
The announcement came with a half-year profit statement that heralded the tell-ing news that the airline had more than doubled its profits to $52 million, eclipsing rival Qantas for the first time.
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