Virgin Australia: Affinity considering sale of stake in Velocity Frequent Flyer Programme

    Virgin Australia announced (11-Jul-2019) Connectivity Pte Limited (Affinity) is planning to sell its 35% minority investment in the Velocity Frequent Flyer Programme and request various exit options for the sale of the stake to be considered. As previously reported by CAPA, Affinity acquired the 35% stake for AUD336 million (USD234.3 million), valuing the programme at AUD960 million (USD669.5 million).