VIRGIN Australia this morning confirmed it has completed its acquisition of Connectivity’s approx 35% minority investment in the Velocity Frequent Flyer Scheme (TD 16 Sep), after successfully raising $325 million through its notes issue.
A total of 3,250,000 notes were allotted to successful applicants at the application price of $100.
VA now has 100% ownership of Velocity Frequent Flyer.
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Source: traveldaily