Branson sells 31% stake in Virgin Atlantic for â¹1,800 crore
Billionaire Richard Branson has announced that he is selling 31% of Virgin Atlantic, giving up his controlling interest in the airline he founded in 1984. Branson will receive over $288 million (over â¹1,800 crore) from the stake sale to Air France-KLM. He will retain a 20% stake and remain as the Chairman of the airline.