PPRuNe Forums - View Single Post - Richard Bransons sells his stake in Virgin Blue to Lang plc
Old 26th Nov 2001, 21:01
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The Guvnor
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Cool

irjt45 - apparently not; it seems that Branson needs the cash rather badly and as Virgin Blue seem to fit rather well with Lang's stevedoring operations they've already done the deal - regardless of the fact it appears that they won't get the AN terminals.

Given that AN still seems to be grossly overstaffed (4,500 staff for 29 aircraft) and will be competing head to head with QF for the 'frills' market, I can't see the Fox-Lew operation surviving.