Bloomberg News

Billionaire Branson Says He Plans to Enter Russian Air Market

January 31, 2008

Billionaire Richard Branson said he plans to compete in Russia's air travel market to offer ``better'' services for consumers.

``We're looking to take on the airlines here,'' Branson said at an investor conference in Moscow today. The Virgin Group Ltd. chairman gave no timetable for entering the Russian market.

To contact the reporter on this story: William Mauldin in Moscow at wmauldin1@bloomberg.net

To contact the editor responsible for this story: Daniel Hauck at dhauck1@bloomberg.net.


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