Still a lot of speculation though about sale and is it 51% or 49%
Would they virgin name be lost ?
Still a lot of speculation though about sale and is it 51% or 49%?
If it is 51% it will be Branson himself that sells and that means control is passed to new owner.
If it is the 49% Singapore Airlines own that is sold then the new 49% owner is only a very influential shareholder but does not have the controlling 2 shares when it comes to voting. See this 01 Jan 2011 URL http://www.smh.com.au/business/singapore-air-may-sell-virgin-holding-20101231-19c36.html
Name change – unlikely at the outset even if 51% is sold as the Virgin ‘Brand’ is something Branson has built up since 1984.