Manufacturing Industry

Star Cruises buys Valuair stake

Airline Industry Information, Dec 21, 2004

AIRLINE INDUSTRY INFORMATION-(C)1997-2004 M2 COMMUNICATIONS LTD

Star Cruises has acquired a stake of approximately 20% in Valuair, a Singapore-based budget airline.

The cruise line has said that the acquisition would make it the largest stakeholder of the airline and that it would expand its business in Singapore. Star Cruises said it would market "fly and cruise" packages.

No financial details have been disclosed.

((Comments on this story may be sent to aii.feedback@m2.com))

COPYRIGHT 2004 M2 Communications Ltd.
COPYRIGHT 2008 Gale, Cengage Learning

 

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