Branson says V Australia may have been launched too early
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Australian aviation has landed on its feet following the global financial crisis, but Virgin boss Sir Richard Branson has admitted he may have prematurely launched V Australia. Speaking to reporters in Brisbane at a celebration to mark Virgin Blue’s ninth birthday, Sir Richard said Australia had weathered the financial storm well. “Australia has been least affected of all the countries involved,” he said. “Australia is well positioned to come out of this recession.” Virgin Blue Holdings recorded a net loss of AU$160 million (US136 million) for the 12 months to June 30 compared with a net profit of AU$98 million a year earlier.
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