Business Services Industry
Virgin Blue barracks for Toll.
Australasian Business Intelligence, May, 2006
Byline: Kevin Andrusiak
May 10, 2006 (The Australian - ABIX via COMTEX) -- Australian airline, Virgin Blue, supports a takeover of Patrick Corporation by Toll Holdings. Patrick gained control of Virgin in March 2005. Virgin CEO, Brett Godfrey, said that the airline would be in a better position under Toll than under a consortium led by Macquarie Bank. Virgin has posted a profit of $A68.2 million for the six months to 31 March 2006, a fall of 8.4 per cent. Revenue was $A935.9 million, a rise of 6.1 per cent. Passenger numbers rose but high fuel costs affected the result.
Publication Date: 11 May 2006
VIRGIN BLUE HOLDINGS LIMITED - ASX VBA
VIRGIN BLUE AIRLINES PTY LTD
TOLL HOLDINGS LIMITED - ASX TOL
PATRICK CORPORATION...
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