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Frequent-flyer partner of Virgin Australia seeks out to exit stake

Published On 12 Jul 2019 04:54 AM


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On Thursday, Virgin Australia Holdings Ltd stated that Affinity Equity Partners is on the lookout for exiting its 35 percent minority stake in the carrier’s Velocity frequent flyer program, 5 years after its A$335 million which is equivalent to $233 million purchase. The second-largest airline of Australia stated that it had intentions of staying a majority investor in Velocity, which competes with the larger Qantas Airways Ltd frequent flye....


Tags : Virgin Australia Holdings Ltd, Virgin, John Borghetti, EBIT, Qantas Airways Ltd, Affinity Equity Partners,
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