Virgin Atlantic Airways confirmed reports that it is seeking to dispose of its 49% equity stake in Virgin Nigeria, the Lagos-based flag carrier it helped establish in 2004 and launch in April 2005. Nigerian institutional investors own 51%. "The intention has always been for the airline ultimately to be wholly owned by Nigerian investors. It is now time for Virgin Nigeria to go its own way with local shareholders," Virgin Atlantic President Richard Branson said, noting that VS "wishes to ...

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