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SQ Sells NZ Stake; Future For VS Holding?  
User currently offlineRTFM From United Kingdom, joined Oct 2004, 476 posts, RR: 0
Posted (11 years 7 months 3 weeks 2 days 10 hours ago) and read 2387 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?

2 replies: All unread, jump to last
User currently offlineMNeo From Bulgaria, joined Mar 2004, 776 posts, RR: 1
Reply 1, posted (11 years 7 months 3 weeks 2 days 10 hours ago) and read 2371 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 (11 years 7 months 3 weeks 2 days 10 hours ago) and read 2371 times:

Virgin New Zealand on the way?  Nuts

Long Beach Iron Works - still going strong!
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