Virgin Australia to repurchase 35% Velocity Frequent Flyer stake from Affinity

16 September, 2019

Virgin Australia Group entered (16-Sep-2019) a term sheet with Affinity to buy back Affinity's 35% minority investment in Velocity Frequent Flyer for AUD700 million (USD481.1 million). Completion of the transaction is scheduled to occur before the end of 2019. [more - original PR]

  • australia
  • south pacific
  • ownership & control
  • headline
  • apad
  • rardaily
  • virgin australia
  • velocity frequent flyer
  • virgin australia group
  • bsd