Nigeria tiff sends Branson packing

By 2008-09-04 March 28th, 2018 Whole Enchilada

British carrier Virgin Atlantic Airways is looking to dispose of its equity stake in loss making Virgin Nigeria.

The Sir Richard Branson- founded carrier owns 49 per cent of Virgin Nigeria together with Nigerian institutional investors who hold 51 per cent.

The domestic carrier has recently been in dispute with the government over whether its operations should be based at the domestic or international terminal.

Another reason to try often and cut the losers quickly.  When government changes it minds then the whole country is off.  Move on and wait until they country settles down again.

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