It's now official that Virgin are cancelling their sale of a 31% stake to AF/KLM
Dec 2, 2019, 3:33 pm
#1
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Join Date: Aug 2018
Posts: 242
It's now official that Virgin are cancelling their sale of a 31% stake to AF/KLM
I know this was first reported by a French paper and has also been covered by Head for Points and Turning Left For Less, but Virgin have now announced it officially.
"Importantly following this news, we have agreed (subject to contract) with our new joint venture partners, that our family will continue to hold the 51 per cent of Virgin Atlantic shares we own. We’ll also continue to work extremely closely with our partners investing together in a thriving airline and holiday company."
I'm curious to see whether that means you only earn/burn with AF/KLM on Transatlantic flights or if the full partnership goes ahead as planned.
Personally though, I'm actually quite happy with this. For better or worse I feel more confident with Virgin/Branson retaining a majority share, rather than no-one having a majority and the risk that DL might not always be such a beneficial largest shareholder.
I wonder what everyone else thinks about this latest development?
"Importantly following this news, we have agreed (subject to contract) with our new joint venture partners, that our family will continue to hold the 51 per cent of Virgin Atlantic shares we own. We’ll also continue to work extremely closely with our partners investing together in a thriving airline and holiday company."
I'm curious to see whether that means you only earn/burn with AF/KLM on Transatlantic flights or if the full partnership goes ahead as planned.
Personally though, I'm actually quite happy with this. For better or worse I feel more confident with Virgin/Branson retaining a majority share, rather than no-one having a majority and the risk that DL might not always be such a beneficial largest shareholder.
I wonder what everyone else thinks about this latest development?
