Coronavirus casualty Virgin Australia could prosper under new owners [Reuters]
Boeing Company (The) (BA)
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Source: Reuters
Coronavirus casualty Virgin Australia could prosper under new owners SYDNEY (Reuters) - Virgin Australia’s ( VAH.AX ) entry into administration could give any successful bidder for the country’s second-biggest airline the chance to free it from a complex ownership structure that has slowed decision making and been blamed for years of losses. Hit hard by the fallout from the coronavirus pandemic, Virgin appointed an administrator on Tuesday to try to sell the airline and more than 10 parties have expressed an interested in recapitalising it. Its losses are largely down to its international and budget divisions and efforts to turn the airline around have been often stymied by a board that includes representatives from the five foreign investors who control more than 90% of the company. They are Richard Branson’s Virgin Group, which founded the airline in 2000, Singapore Airlines ( SIAL.SI ), Etihad Airways, China’s Nanshan Group and HNA Group. Branson owns about 10% with the other f
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BA
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- 10/29/25 - Miss
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- 12/3/25 - Form 4
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- BA's page on the SEC website