Good on ya Roger.
The price movement this arvo post the announcement suggests there is still lot of uncertainty around details or is it due to American Airlines launching their service today in alliance with QAN.
Printable View
Bloomberg note suggested a Chinesec airline cold be interested in Airs stake in Virgin
Same note said Branson is also keen to quit oart or all of Virgin America - prob a bit worred about in his 10% in Virgin Aust
Too many fishhooks and unknowns for me in this stock at current price, will probably buy some more at $2.75 or below, more volatility a certainty I reckon.
Tip a whole lot of cash in one week and talk about baling a week later ?????
Too puzzling for me, not unhappy I swapped them for Scales last week.
AIR signalling their near 26% is/could be for sale means VAH share register is now unstable.
This could create a wonderful opportunity for a major airline to expand into the land of opportunity.
We certainly live in interesting times,
I feel like a parent who constantly nags a child to tidy up for themselves who then becomes mystified when they actually do what you ask.
Is Cullen Airlines stake in Virgin(Underarm Bowlers Division) a controlling interest under Aussie securities law and becuse of this Cullen Airlines are obliged to inform the market when they recieve a credible approach?
Boop boop de do
Marilyn
I also wondered about that winner. I have read in the last week that Alaskan Airlines is negotiating a takeover of Virgin America after VA has expanded quite a bit in the USA.
I do not understand why AIR would loan the large amount of money to VAH just before they announce they want to pull out. I am glad I sold out of AIR after the loan announcement as this is now far too uncertain for me. How much will AIR write off from this foray and how much has it really helped their Australian access ?
This from Tony Carter is baffling. "Mr Carter says Air New Zealand does not want a large minority equity position in Virgin Australia as it focuses on its own growth opportunities". They willingly invested in VAH to be a large minority shareholder. What has changed ?