Business Services Industry
Corrigan happy with most of Virgin Blue.(Chris Corrigan of Patrick Corp. about Virgin Blue Airlines)(Brief Article)
Australasian Business Intelligence, February, 2005 by Aston, Heath
Feb 03, 2005 (The Daily Telegraph - ABIX via COMTEX)
Patrick Corporation owns 45 per cent of Virgin Blue, the Australian budget airline. The company's chairman, Chris Corrigan, has not been happy with decisions taken by Virgin Blue in recent months. Virgin Blue is facing tough competition from Qantas offshoot Jetstar, and both airlines have embarked on massive price cuts. Corrigan, who spoke after Patrick's annual meeting on 3 February 2005, said it is satisfied with a controlling stake in the airline. He gave his backing to Virgin Blue CEO Brett Godfrey. On 3 February, Virgin Blue shares were steady at $A2.12.
Publication Date: 4 February 2005
PATRICK CORPORATION LIMITED - ASX
PRK:
VIRGIN BLUE HOLDINGS LIMITED - ASX
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