PPRuNe Forums - View Single Post - Merged: Virgin Blue Share Price - how low can it go and for how long?
Old 14th Mar 2009, 23:12
  #601 (permalink)  
wirgin blew
 
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Are you sugesting that EK buy out V Oz? My understanding is that any buyer of V Oz must be more than 50% Australian owned. For EK to do that, they would have to find an Australian partner who would take the required percentage - with what's happening in the world economy right now, I don't think that EK could find such a partner.
Not sure of how it would work considering Virgin Group have 25% of VB and REX have 3-5% so EK could only buy around 20% of VB under foreign ownership.

However could they be sold 49% of VOZ? This would definitely raise money for VB and by introducing codeshare with EK throughout Australia, the Pacific and West Coast US would provide EK with valuable traffic. Velocity is already a partner with Emirates, and VB is a Skywards partner so there is already a foot in the door.
Who knows what EK think of QF and EY hook up?

Its funny that in Melbourne the AFL is kicking up a stink about Etihad Stadium and conflicts with QF and EK sponsership of the league. In hindsight this can only be coming from EK as QF and EY are now in bed together.

Food for thought.

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