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SQ Sells NZ Stake; Future For VS Holding?  
User currently offlineRTFM From United Kingdom, joined Oct 2004, 408 posts, RR: 0
Posted (9 years 6 months 2 weeks 11 hours ago) and read 1753 times:

Airwise.com reported today that:

'Singapore Airlines sold its entire 6.3 percent stake in Air New Zealand for USD$41.3 million, ending a 4 year investment that cost the world's second-most valuable airline about USD$336 million.'

Apart from the fact that this turned out to be a bit of a duff investment for an otherwise astute airline, it seems like the trend of airlines holding minority stakes in other airlines is reversing (what with BA selling it's QF stake recently). I believe that the only stake SQ now has in any airline is the 49% they own of VS. Any views on the implications of the NZ decision on the VS stake and what that might mean for VS if SQ did sell?


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User currently offlineMNeo From Bulgaria, joined Mar 2004, 776 posts, RR: 1
Reply 1, posted (9 years 6 months 2 weeks 10 hours ago) and read 1737 times:

NO i belive that virgin is making money and that SQ wount draw it money from a profiatble company.


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User currently offlineFido73 From Finland, joined Dec 2003, 33 posts, RR: 0
Reply 2, posted (9 years 6 months 2 weeks 10 hours ago) and read 1737 times:

Virgin New Zealand on the way?  Nuts


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