Ansett loss is Virgin Blue's gain

Old Feb 10, 02, 10:16 am
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Ansett loss is Virgin Blue's gain

Virgin Blue has revealed that profits in the December quarter will run to about $16 million - about double its earnings in the six months to September - as the budget carrier won scores of new corporate accounts and picked up thousands of new customers after Ansett collapsed.

Virgin Blue managing director Brett Godfrey said the airline was still looking for an investor to take a minority stake, but indicated that if Virgin Blue failed to lock in a new investor, it would go ahead with its proposed float later this year.

But as Mr Godfrey's pre-recorded interview went to air on Channel Nine's Business Sunday, talks over Virgin Blue's future were continuing overseas, with Ansett's new owner, the Tesna consortium, holding preliminary talks with Virgin Group founder Sir Richard Branson on a possible merger.
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