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Airline Virgin Blue halts shares amid capital talk

Sun Jul 12, 2009 8:36pm EDT

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SYDNEY, July 13 (Reuters) - Australian airline Virgin Blue Holdings (VBA.AX) called a halt to trade in its shares on Monday, pending an announcement. It gave no more details.

The Sydney Morning Herald said in an unsourced report on Monday that Virgin was poised to raise up to A$400 million ($312 million) to bolster its balance sheet and cement its recently struck partnership with Delta Air Lines (DAL.N). [ID:nSYU006818] (Reporting by Mark Bendeich) ($1=1.284 Australian Dollar)



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