Quote:
Originally Posted by GO FURTHER
Yes, I heard on the news that China is looking to buy Virgin.
More Chinese ownership of not only Australian assets but also foreign owned.
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Well I don't know where the "news" got its information from but:
"Etihad Airways (20.94%) Singapore Airlines (20.09%) Nanshan Group (19.98%) HNA Group (19.82%) Virgin Group (10.42%)"
that totals 90.26%. (source Forbes go here:
https://www.forbes.com/sites/willhor.../#7ad3363f3ffc)
HNA is a Chinese conglomerate and Nanshan also a privately owned Chinese conglomerate.
I guess the reason Virgin is listed on the ASX is the remaining 9.74% is owned by Australian interests.
So basically already overseas owned and so the assets are not Australian, and many of the aircraft may be leased or be on time payment arrangements with Boeing (I do not think they have any other manufacturer's aircraft), there's a happy arrangement at the moment. SFAIK Virgin does not own any Real Estate in Australia but leases airport space at the various terminals. I'm happy to be corrected on this.
And so, back to the Pandemic
Cheers