Virgin Blue freed to grow: Toll cuts loose - and not before time
Virgin Blue's 62.7% shareholder, Toll Holdings, announced plans to spin off 98.3% of its stake in the carrier to its shareholders, using the unusual methodf of an in specie dividend. Toll shareholders will receive one Virgin Blue share for each Toll stock held. Virgin Group Ltd will become the airline's largest shareholder, with 25.5%. The Virgin Blue Board will now form a committee to nominate additional independent Non-Executive Directors and a new Chairman. This should be great news for Australia's second airline.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 1,000 News Briefs every week and comprehensive data and analysis on thousands of companies around the world.