VIRGINBLUE/RESPONSE (URGENT)

SYDNEY, July 13 (Reuters) - Australian carrier Virgin Blue Airlines Group (VBA.AX) said its board had not approved any capital management initiatives, saying information contained in a media report on Monday was incorrect.

"Given the prevailing macro-economic conditions, Virgin Blue Airlines Group assesses capital management initiatives as appropriate, however the board has not approved any such transaction as has been reported," the group said in a statement. (Reporting by James Thornhill)