Airline

Virgin Australia buys back 35% stake in frequent flyer programme

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Virgin Australia buys back 35% stake in frequent flyer programme

Virgin Australia has entered into an agreement to buy back the 35% of its Velocity loyalty programme for A$700 million ($481 million) which it does not currently own from private equity firm Affinity Equity Partners. Velocity is Australia’s second-largest airline loyalty program, behind rival Q...

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