Arab Today, arab today branson open to total sale of virgin australia
Last Updated : GMT 11:15:00
Arab Today, arab today
Arab Today, arab today

Branson open to total sale of Virgin Australia

Arab Today, arab today

Arab Today, arab today Branson open to total sale of Virgin Australia

Sydney - AFP

Virgin Group chief Richard Branson has aired the possibility of selling his entire stake in budget carrier Virgin Australia, saying the airline\'s branding is more important to him than ownership. Branson, who founded Virgin Australia as a rival to Qantas in 2000, sold a 10 percent share to Singapore Airlines last month, leaving him with 13 percent. The British billionaire refused to rule out selling his remaining stake, telling reporters \"we will see\" when asked about his future plans for the Australian carrier. \"I\'m not too worried about whether we sell down most of our stakes,\" Branson said in remarks published by Australian media Wednesday. \"The 13 percent is pretty strategic in that it could be very valuable to a player one day, but it\'s not that important from the Virgin Group\'s point of view.\" Asked whether he would sell for the right price to fellow major stakeholder Etihad, Branson said: \"We would cross that bridge if it came.\" He said the \"most important thing is the branding\" -- the long-term royalties contract with the airline to use the Virgin name. If Branson\'s latest 10 percent sale to Singapore Airlines gets the nod from Australia\'s Foreign Investments Review Board, it will make the Asian carrier one of Virgin\'s top three stakeholders alongside Virgin Group and Air New Zealand. Abu Dhabi-based Etihad also holds a significant share, giving Virgin Australia hefty financial clout to contend domestically with Qantas. Branson said it was remarkable that so many firms had an interest in Virgin, the second-largest carrier in Australia which has a lucrative air market due to its vast size and booming dollar. Last year, Qantas and Emirates announced a major global alliance that opens up the Australian firm\'s domestic network of more than 50 destinations and nearly 5,000 flights per week to the Dubai-based airline. Singapore Airlines is a key international competitor to Qantas, and it also recently sealed a deal for Virgin to buy a majority stake in Tiger Airways Australia, its loss-making local budget subsidiary.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today branson open to total sale of virgin australia Arab Today, arab today branson open to total sale of virgin australia

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday