virgin Australia appoints CFO, page-10

Richard Branson agreed to sell his 22 per cent stake of Virgin America into the Alaska Airilines take-over deal, giving him around US$570 million.

https://www.virgin.com/richard-branson/virgin-america


Richard Branson:

continues:  

As pointed out in SMH Markets Live today: http://www.smh.com.au/business/markets-live/markets-live-wheels-on-asx-run-flat-20160404-gnyezf.html

Consider possibility of Richard Branson's mind using some of the money from Virgin America to increase stake in Virgin Australia,   suspect Virgin Australia can expand further into US markets when the recently signed Trade Agreement is ratified soon.

This may be particularly sweet for Richard Branson,  after forced sale of Virgin America, to expanded Virgin Australia so competes more effectively against what was previously,  though no longer his ;-)  



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