Virgin Australia Velocity Breaks Away

Virgin Australia Velocity Breaks Away

Virgin Australia’s Velocity frequent flyer program is becoming a separate business from the airline after it completes a deal to sell a 35 percent stake in the Velocity program to a private equity group called Affinity Equity Partners. Velocity has been valued at nearly $1 billion.

A main competitor of Virgin Australia, Qantas, has already separated its frequent flyer program from the airline.

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