16-Jun-2011 12:14 PM

No deal on the table for Virgin Atlantic: CEO

Virgin Atlantic CEO Steve Ridgeway stated that "there are no deals on the table” regarding a takeover or change in ownership of the carrier (Dow Jones Newswires, 15-Jun-2011). Virgin Atlantic hired Deutsche Bank in 2010 to look at growth opportunities and assess its financial environment, which could lead to an equity restructuring of the airline. Mr Ridgway said that he's confident that "even if nothing happens, we can continue to grow". He would not comment on whether Etihad Airways or Delta Air Lines, both of which have voiced an interest in the carrier, would be a better fit for Virgin Atlantic. The CEO said the two main options are either aligning itself with an alliance or equity-ownership restructuring.

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