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SIA invites offers for Virgin stake

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  • SIA invites offers for Virgin stake

    It was open to offers for its 49% stake in Virgin Atlantic. -Reuters

    Wed, May 14, 2008
    Reuters

    SINGAPORE Airlines , the world's second-biggest airline by market value, said on Wednesday it was open to offers for its 49 per cent stake in Richard Branson's trans-Atlantic airline Virgin Atlantic .

    'It's not a secret that we regard it as an undeperforming investment. We are still reviewing our plans and are open to all offers,' Singapore Airlines Chief Executive Chew Choon Seng told a results briefing.

    http://news.asiaone.com/print/News/L...514-65176.html

  • #2
    Oh no, does that mean as a KF Gold or PPS Club traveler, we will not get all the benefits when traveling Virgin Atlantic pretty soon?

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