Branson's back with 5% stake in Virgin Australia
Sir Richard Branson has finally confirmed he’s acquired a 5% stake in the new Virgin Australia, days after the airline exited administration. Speculation had suggested he was keen to maintain the 10 per cent holdings he held in the business prior to its administration but has settled for less while also agreeing on a new licensing deal for his corporate branding. On Tuesday, new owners Bain formally took over the company and on Wednesday, Jayne Hrdlicka started her first day as the new CE, promising to stop Virgin becoming a low-cost carrier. Virgin Group founder Sir Richard said in a short statement issued on Thursday evening, “I’m delighted that Virgin Australia is ready for take-off once more, soaring out of administration, with a clear future direction to fly towards.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-11-20/unaligned/bransons-back-with-5-stake-in-virgin-australia
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Branson's back with 5% stake in Virgin Australia
Sir Richard Branson has finally confirmed he’s acquired a 5% stake in the new Virgin Australia, days after the airline exited administration. Speculation had suggested he was keen to maintain the 10 per cent holdings he held in the business prior to its administration but has settled for less while also agreeing on a new licensing deal for his corporate branding. On Tuesday, new owners Bain formally took over the company and on Wednesday, Jayne Hrdlicka started her first day as the new CE, promising to stop Virgin becoming a low-cost carrier. Virgin Group founder Sir Richard said in a short statement issued on Thursday evening, “I’m delighted that Virgin Australia is ready for take-off once more, soaring out of administration, with a clear future direction to fly towards.<br/>
