Business Services Industry
Sale may open door for Virgin Blue tilt.
Australasian Business Intelligence, July, 2007
Byline: Vesna Poljak
Jul 10, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Speculation has again arisen that Singapore Airlines may take a stake in Virgin Blue Holdings. The rumours have been revived by Singapore Airline's plan to sell its 49 per cent stake in Virgin Atlantic. It is estimated that the airline would gain Stg1 billion ($A2.3 billion) from the sale, which would give it the funds to bid for Virgin Blue. On 10 July 2007, the Australian carrier's share price rose by $A0.06 to $A2.47.
Publication Date: 11 July 2007
VIRGIN BLUE HOLDINGS LIMITED - ASX VBA
VIRGIN BLUE AIRLINES PTY LTD
SINGAPORE AIRLINES LIMITED
VIRGIN ATLANTIC AIRWAYS LIMITED
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