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Article: Aabar Investments and Virgin Group Agree Equity Investment Partnership in Virgin Galactic.
- Article from:
- WAM - United Arab Emirates News Agency
- Article date:
- July 28, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Oshkosh/Abu Dhabi, 28 July (WAM) - Abu Dhabi's Aabar Investments and Virgin Group today announced that they have agreed to enter a strategic partnership, which will see Aabar take an equity stake in the world's first commercial spaceline - Virgin Galactic. To date, Virgin Galactic has been wholly owned and funded by Sir Richard Branson's Virgin Group.
The deal, signed today at the EAA AirVenture air show in Oshkosh, Wisconsin attended by Sir Richard Branson, Founder of Virgin Group, and Mohamed Badawy Al-Husseiny, CEO of Aabar. The signing ceremony is taking place alongside Virgin Galactic's new carrier space launch vehicle, WhiteKnightTwo (VMS Eve) which is ...