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Virgin sells in Australia to create a low-cost carrier in the Usa

London, UK - USD 158m already appropriated

According to what Wall Street Journal Europe reports this morning Richard Branson, owner and president of the Virgin group, is selling his stake in the Australian low-cost airline and would use the proceeds in order to create an other one in the United States considered, evidently, a more profitable market. Until now the proceeds of the cession of 20% of the Virgin Blue to its Australian partner,...

AVIONEWS - World Aeronautical Press Agency - 52604

AVIONEWS - World Aeronautical Press Agency
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