Guest

SA Minister Suggesting SIA Should Invest SAA

Mon Aug 05, 2002 12:46 pm

A press from Singapore today reporting that Singapore Airlines needs to reconsidering to take a stake in South African Airways, together with Star Alliance member Lufthansa for a joint bid.

South African Finance Minister Trevor A Manuel told the Business Times that SIA should really consider to take a stake of SAA. Manuel made these comments on Friday, during his visit in Singapore.

2 years ago, SIA/Lufthansa withdrawl their bid for SAA stake. Swissair took 20% stake, around S$400million.

But the Government ended up buying back the stake for less than S$40million.

Manuel also suggesting that SIA should consider Johannesburg as a hub to fly to other African Nations.
 
SInGAPORE_AIR
Posts: 11621
Joined: Mon Nov 13, 2000 4:06 am

RE: SA Minister Suggesting SIA Should Invest SAA

Mon Aug 05, 2002 4:29 pm

Singapore Airlines has been urged to invest in South African Airways, South Africa's finance minister, Trevor A Manuel suggested.

When asked to comment, Singapore Airlines remains unsurprisingly tight lipped, "Our strategic goal of growing into a global group of airline and airline related companies remains unchanged, but we do not comment on specific opportunities unless we have something to announce."

More information at the

Information obtained from the above hyperlinked webpage. Full information can be viewed by clicking the above hyperlink.

----

What demand is there to fly Intra-Africa to JNB and then onto Singapore and possibly Asia? None / hardly any to make such a venture profitable I would say.
Anyone can fly, only the best Soar.

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos