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.