Virgin Atlantic To Shed AirAsia X Stake

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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.

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