This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Virgin Atlantic CEO to Retire

NEW YORK -- Virgin Atlantic CEO Steve Ridgway is retiring early next year, following 23 years with the British airline founded by Richard Branson.

Since he joined the company as managing director of the frequent flyer program, Virgin Freeway, the airline has grown from two 747 planes to a fleet of 40 long-haul aircraft. It now flies 6 million passengers a year around the world.

Ridgway, 60, said in a statement he's seen "many great times and a few bad" and said the airline must continue to offer something different than its competitors. The executive is leading the search for his successor.

Branson called Ridgway a "close friend and confidant" and said he'll likely be involved in future Virgin projects.

Virgin Atlantic has been 49% owned by Singapore Airlines (SINGY) since 2000, in a deal that valued the airline at 1.23 billion pounds ($1.97 billion).

> > Bull or Bear? Vote in Our Poll
Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $118.88 0.00%
FB $105.74 0.00%
GOOG $748.28 0.00%
TSLA $218.25 0.00%
YHOO $32.96 0.00%


Chart of I:DJI
DOW 17,812.19 +19.51 0.11%
S&P 500 2,089.14 +2.55 0.12%
NASDAQ 5,102.8080 +0.33 0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs