Privatisation on the cards for Virgin Australia
The airline has swung to profitability and forecasts continued improvement
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Singapore
VIRGIN Australia Holdings Ltd said on Wednesday it was considering going private as it swung to profitability in the first quarter from a loss a year ago and forecast a continued improvement in the second and third quarter.
Australia's second-biggest airline is about 90 per cent-owned by Singapore Airlines Ltd, Etihad Airways, Virgin Group, HNA Aviation and China's Nanshan Group, all of which have representatives on the board.
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