Singapore Airlines Limited is investing £12.25 million in Virgin Atlantic holdings. Virgin Atlantic Holdings.
SIA said that the investment would increase working cpaital and funding for the airline and expenditure requirements.
Analysts say that the move was to protect SIA's £600+ million investment in Virgin in 1999. "What it means is that Virgin Atlantic will live to fight another day, there were some concerns about that earlier," said John Casey, analyst at DBS Vickers.
More information at the Reuters / Yahoo website
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