Rex Regional Express sold its 1.8% stake in Brisbane-based Virgin Blue. The regional confirmed yesterday to The Australian that its Singaporean investors have "completely exited" from their investment in Blue. The move comes amid continuing speculation that Virgin is courting a strategic investor, and the airline declined to comment on fresh claims that it is pursuing a Middle Eastern carrier. Rumors have surrounded Blue for the past three months, with various analysts and investment houses ...

Subscribe to Access this Entire Article

"Rex investors exit Virgin Blue" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.