I'm not sure that Branson will not want VBA, Virgin Atlantic has started flying into Sydney. Now, if he wins more slots at Sydney, then he can use Sydney as a hub, and use Virgin Blue as the internal carry.
I think PRK will offer $2.20, that's it, they know the future earnings of VBA is going to be good, if they get the US route, which they are working on, then the value of $2.45 to $2.90 is correct. The AUS to US sectors are the most profitable in the world, so $2.45 to $2.90 is correct, then this opens a freight route for PRK, and PRK know this, currently QAN have the hold on this.
virginafr: group swoops in for a bigger stake, page-4
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