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Tony Fernandes denies AirAsia buying Virgin Atlantic

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Last week a rumor has been around that AirAsia is going to buy a stake in Richard Branson's Virgin Atlantic. While it is no secret that the airline is seeking a partner, this particular speculation is now denied by AirAsia CEO, Tony Fernandes.

Rumor denied by AirAsia CEO

Last Sunday a news showed up from Reuters claiming that AirAsia is considering buying a stake in Virgin Atlantic. The source remains unknown. This news is built upon an earlier consideration by Tony Fernandes, AirAsia CEO, to make Virgin Atlantic an offer. The transaction was estimated to reach up to a billion pounds.

Soon, Fernandes itself spoke up. He made a statement for a Malaysian newspaper denying the latest speculation. He said there were no active discussions regarding this topic. According to him, there is no reason the rumor went up.

Virgin Atlantic seeking for a partner

It has been known that the Branson's airline is looking for a partner since the merger of British Airways and Iberia. (For more info see our previous article ). Rumors are that Deutsche Bank has been hired to asses the aviation market for the airline. The New York Times informed that several partnership approaches have already been received by Virgin Atlantic (one is said to have come from Delta Air Lines).


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