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Branson to Stay ‘Major’ Virgin Atlantic Holder as Partner Sought

Richard Branson said he intends to remain a “major shareholder” in his Virgin Atlantic Airways Ltd. as his bankers review the airline’s future and he seeks a partner to compete with British Airways.

“It makes sense for Virgin Atlantic to have a partner as well,” the U.K. billionaire said yesterday in an interview in San Francisco. “I will certainly still be extremely involved in the airline, whatever we decide to do, and I will still be a major shareholder. We are in discussions with various people and will see what comes out of it.”