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21st August 2008, 07:13 PM

docjuli

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Re: News Highlights

Virgin in talks to sell out of Nigeria

By Matthew Green in Lagos

Published: August 19 2008 19:00 | Last updated: August 19 2008 20:00

Virgin Atlantic is in talks to sell its 49 per cent stake in Virgin Nigeria, which it set up in 2005, following an increasingly acrimonious dispute with the Nigerian government over the location of the loss-making west African carrier’s domestic operations.

Sir Richard Branson, president of the UK longhaul carrier, on Tuesday accused the authorities of using “Mafioso-style” tactics to force Virgin Nigeria to move services from the international terminal in Lagos, the commercial capital.

FT.com / World - Virgin in talks to sell out of Nigeria

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