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Article: Virgin blue over access.
- Article from:
- Australasian Business Intelligence
- Article date:
- August 14, 2002
CopyrightCOPYRIGHT 2002 News provided by Comtex. 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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Aug 14, 2002 (The Daily Telegraph
ABIX via COMTEX) -- The Australian budget airline, Virgin Blue, will remain at the domestic express terminal in Sydney. The airline's CEO, Brett Godfrey, said that Virgin was not prepared to pay vast sums of money to move into the terminal vacated by the failed airline, Ansett Australia. To do so would mean that Virgin would have to increase fares to pay the high cost of rent. According to the Patrick Corporation CEO, Chris Corrigan, Macquarie Bank paid too much for Sydney Airports Corporation and had since reconsidered an agreement with Virgin for cost-efficient access to the Ansett terminal. Patrick owns 50% of Virgin Blue.
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