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Singapore Airlines Confirms AN Consultancy

Wed Oct 24, 2001 11:35 am

Singapore Airlines To Act As Consultant

Singapore Airlines has confirmed it has accepted an offer from the administrators of Ansett to act as consultant in the revival of the carrier.

The carrier will also help administrator Andersen accounting firm to develop a new business model for the new Ansett.

Singapore is a big shareholder in Air New Zealand, but its holding will be diluted once the Government bailout takes effect.