Virgin ‘no’ to delisting

VIRGIN Australia chair Elizabeth Bryan says directors have discussed the concept of removing the airline from the stock exchange.

Speaking at its annual meeting yesterday, Ms Bryan said the possibility had been discussed but there were no such plans for now.

“The board has held discussions about privatisation, however there is no outcome to report to the market at this stage,” she said.

More than 91 per cent of the airline’s shares are held by Etihad Airways, Singapore Airlines, Chinese conglomerate Nanshan Group, Chinese airline group HNA Aviation and Richard Branson’s Virgin Group.

In a trading update yesterday, Virgin said its financial performance should continue improving after a rise in earnings, revenue and customer numbers.