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Virgin fares must change, says Corrigan

October 4, 2018
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Patrick Corp boss Chris Corrigan was cryptic on his designs toreshape Virgin Blue yesterday, but said the airline needed anurgent rethink in strategy. (Sydney Morning Herald — 4 February, 2005)
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The airline is heading in the right direction, but could be on thewrong runway, says Chris Corrigan. (The Age — 4 February, 2005)
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Patrick boss Chris Corrigan yesterday criticised Virgin Blue for failing to respond adequately to the threat of Qantas low-cost offshoot Jetstar, saying the takeover target now needed to modify its business model and concentrate on its domestic operations. (The Australian — 4 February, 2005)
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Patrick Corp Ltd chief executive Chris Corrigan has drawn a pictureof a more strategic airline market where deep discounted fareswould be a thing of the past. (Sydney Morning Herald — 3 February, 2005)
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Chris Corrigan will seek to impose a new culture of profitability on Virgin Blue if Patrick Corp gains control of the low-cost airline. (The Australian — 4 February, 2005)
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A patrick Corp takeover of Virgin Blue is likely to mean an end to the airline’s super-low $1 fare sales and could see average ticket prices rise. (The Australian — 4 February, 2005)
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Richard Branson’s attempt to force Patrick Corp to raise itstakeover bid for Virgin Blue has failed after the corporateregulator ruled on Friday that the recent increase in the Britishbillionaire’s stake in the airline would not affect Patrick’soffer. (Sydney Morning Herald — 5 February, 2005)
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ASIC has scotched Richard Branson’s attempt to force Patrick Corpto increase its offer price for Virgin Blue shares, leaving theoutstanding offer at $1. (The Age — 5 February, 2005)
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The attempt by Sir Richard Branson’s Virgin Group to force Chris Corrigan’s Patrick Corp to increase its offer price for the Virgin Blue airline is an artifice which should – and most probably will – fail. (The Australian — 6 February, 2005)
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Richard Branson’s Virgin Group says it is concerned by the ASICdecision to allow Patrick Corp’s existing bid for Virgin Blue to goahead. (Sydney Morning Herald — 4 February, 2005)
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Here is a selection of companies that are in the news or makingsignificant moves today. (Australian Financial Review — 4 February, 2005)
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