1) 25% isn't enough. WTF are they going to do?
2) As long as that Patrick Corp doesn't do anything and just takes the money then we will be fine.
Anyway, the article in the West Australian.
Singapore Airlines is interested in a 25% in DJ. Analysts suspect an injection of funds into DJ instead of a sell down in the stakes of Patrick Corp (PC) and Sir Richard Branson (RB).
Singapore Airlines Limited has apparently been losing traffic from Germany as points like Ayers Rock aren't covered.
DJ lacks a business class product (oh really? I'm sure we didn't know that). The first few rows of low class will have to be taken out. DJ has already gained high-profile AU clients though. (I think he misses the point. It's not Australian pax that SIA wants is it? bah).
"Why would they bother," said Ian Thomas, airline analyst with the Centre for Asia-Pacific Aviation, referring to SIA buying AN's AOC.
However, ING Barings says that before a cash injection is done, testing will first be done with a codesharing deal with DJ like UAL.
SIA's involvement in DJ will further increase it's value.
More information at the West Australian website (not a member of News Corp )