Meanwhile, the carrier’s President, Sir Richard Branson, announced the carrier is considering the option to merge with another carrier but only if Virgin is unable to remain independent (The Times, 25-May-2010). Singapore Airlines owns a 49% stake in the carrier and is reportedly planning to sell its stake.
Virgin Atlantic: "If it becomes impossible for us to remain an independent airline and survive, we may come to a situation where we have to consolidate." Sir Richard Branson, President of Virgin Atlantic. Source: The Times, 25-May-2010.