VIRGIN BLUE in Oz, which launched itself very much in the Richard Branson mould, is now majority owned by the very successful Australian transport group Patrick Corp after an aggressive take-over campaign.
Virgin Group holds a stake in Virgin Blue of about 25%. Chief Executive Brett Godfrey stays in place for the present.
Virgin Blue has said that annual profits could fall by 15% due to sluggish demand and a price war with Jetstar, the no-frills offshoot of Qantas.
http://www.virginblue.com.au