Affinity Equity Partners will exit its 35 per cent stake in Virgin Australia's rewards program after Street Talk confirmed the pair were looking to spin off the business on the ASX. Virgin announced ...
Virgin Australia said it entered an agreement to buy back the 35 per cent of its Velocity frequent flyer program it does not already own for $700 million from private-equity group Affinity Equity ...
The figure is more than twice the $335m Affinity paid when it purchased the stake from Virgin Australia in 2014, and values the Velocity business at $2 billion. In a statement to the Australian ...
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