Companies
Branson in talks to start "Virgin Brazil"
By Henry Tyler
Font Scale: 
Posted 25 June 2008 @ 10:10 am GMT
Sir Richard Branson is reported to be in talks with Brazilian partners to start up an airline in Brazil.
Virgin Group chairman Richard Branson is seen speaking on screens, before the world`s first commercial biofuel flight with a Virgin Atlantic Boeing 747 aircraft (rear) to Amsterdam from Heathrow Airport, in London February 24, 2008. REUTERS/Luke MacG...
Branson's online charter plane service launchesAccording to reports by the Agencia Estado news service, Branson said the new airline would be like a "Virgin Brazil", beginning with domestic flights before expanding to international flights.
Branson said, "Brazil is a very dynamic market and we haven't paid enough attention to it in the past," reports Agencia Estado.
He continued, "We know there is a lot of room to grow given the country's size and the need to develop the air transportation system for Brazil's own growth."
According to the report Branson said that the talks were ongoing and an announcement is expected soon.
This article is copyrighted by the International Business Times.
Most Popular Stories
- 1 Dollar rally unstoppable
- 2 Markets nervous on return of short sellers
- 3 Lehman demise could end speculative raid on taxpayers
- 4 AIG in focus as financial meltdown spreads
- 5 Goldman and Morgan Stanley face biggest test
- 6 Lloyds says no comment on report of HBOS deal renegotiation
- 7 Rate cut to be passed on to savers
Top Stories on Industries
- 1 RBS gets Chinese approval for Suzhou stake
- 2 Report says Green in talks with Iceland's Baugur
- 3 Renishaw says first-quarter pretax profit up 75 pct
- 4 Oil hits one-year low on demand fears
- 5 Citi ends talks with Wells Fargo on Wachovia
- 6 C&C's H1 down and warns on H2
- 7 BA mulls cooperation with Alitalia
|
|
