So Virgin hasn't made a profit for a long time (although hopefully that will turn around). Most of its shareholders are other airlines that presumably derive some other benefit from their ownership - namely, having Virgin's relatively strong domestic Australian presence (both in terms of flights and frequent flyer program) as a feeder into their own networks; particularly if their competitors are aligned with Qantas.
However, while Nanshan owns a small airline in China, it does not appear (at face value) that that airline derive much if anything from Virgin (i.e. does not even have partnerships, unlike HNA Group's airlines).
Does anyone have a theory or understanding as to why Nanshan chose to buy into Virgin, and continue to hold Virgin shares?
However, while Nanshan owns a small airline in China, it does not appear (at face value) that that airline derive much if anything from Virgin (i.e. does not even have partnerships, unlike HNA Group's airlines).
Does anyone have a theory or understanding as to why Nanshan chose to buy into Virgin, and continue to hold Virgin shares?
