Virgin Atlantic To Shed AirAsia X Stake
Published: June 28, 2012
Richard Branson’s Virgin Atlantic Airways is expected to divest its 10 percent stake in AirAsia X to local existing shareholders, according to a report in The Edge Business Daily.
The report suggests that the price for the share deal will be more than MYR66 million ringgit (USD$ 21 million).
The reported move comes as AirAsia X prepares for a stock market listing at the end of this year.