PPRuNe Forums - View Single Post - Virgin Australia : 315 Million Loss - How long can they survive?
Old 17th Sep 2019, 00:27
  #267 (permalink)  
AerialPerspective
 
Join Date: Jul 2009
Location: Australia
Posts: 340
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Originally Posted by Beer Baron
Virgin sold the stake in Velocity to Affinity in 2014 for $335 million, now they are buying it back for $700 million.

Great business for Affinity, not so slick for VA.
Meanwhile, Affinity are hearing the words of a departed Australian businessman... "You only get one VA in your lifetime" (I was going to write virgin but that might have sent a different message, unintended).
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