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Article: Aabar Investments and Virgin Group agree equity investment partnership in Virgin Galactic
- Article from:
- Al Bawaba
- Article date:
- July 28, 2009
CopyrightCopyright 2009 Al Bawaba. Provided by ProQuest LLC. (Hide copyright information)
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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 making its public
demonstration flying debut in Oshkosh.
Under the ...