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Virgin Group rises its stake in the carrier Virgin Blue

Sydney, Australia - After a takeover bid by the transport group Patrick Corp

Richard Branson, owner of the Virgin’s empire, announced his group rose its stake in the Australian low-cost carrier, Virgin Blue, after a takeover bid by transport group Patrick Corp which, according to what Branson said, undervalued the airline. Branson said his group purchased 5,1 million Virgin Blue shares raising its stake to 25,1 per cent. "The airline has been a remarkable success in the Australian m...

AVIONEWS - World Aeronautical Press Agency - 113211
Rome, Italy, 01/31/2005 14:42
AVIONEWS - World Aeronautical Press Agency

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