- Dec 6, 2004
From some of the following paragraphs it seems that the MacBank offer may have fallen through.forbes.com said:Australia's Virgin Blue wants fast transition after major shareholder changes
05.09.2006, 11:34 PM
SYDNEY (AFX) - Virgin Blue Holdings Ltd chief executive Brett Godfrey said he hopes the discount airline's board will be quickly restructured following a change in the company's ownership, clearing the way for it to launch new initiatives.
Godfrey said he expects his company's board will be restructured as he believes Virgin's major shareholder, ports operator Patrick Corp Ltd with 62.4 pct, will come under control of transport logistics group Toll Holdings Ltd this week after an 8-month 6 bln aud takeover battle.
'There other things that we want to do and some of them are more adventurous so it involves sitting down with the new owners and we are hoping it stays with Toll and the other owner of Virgin,' Godfrey told a media conference after the airline reported an 8.4 pct fall in first half profit to 68.2 mln aud due to high fuel prices.
Godfrey said he hopes Toll will retain its soon to be gained 62 pct stake in Virgin Blue.