Manufacturing Industry
Singapore Airlines to sell stake in Air New Zealand
Airline Industry Information, Oct 5, 2004
AIRLINE INDUSTRY INFORMATION-(C)1997-2004 M2 COMMUNICATIONS LTD
Singapore Airlines (SIA) is to sell its 6.5% stake in Air New Zealand and is expecting to raise around NZD70m from the 37,833,309 shares it holds.
A spokesperson for the airline said that the sale would not affect any operational cooperation between the two airlines and that it is consistent with Singapore Airlines' policy to monetise any non-core holdings.
The 6.3% stake in the airline was originally 25% but was reduced after recapitalisation when the New Zealand government was forced to bail Air New Zealand out of financial trouble. Air New Zealand was seen as a stepping stone to the Australian market for SIA due to its stake in the now defunct Ansett Airlines, reports AFP.
((Comments on this story may be sent to aii.feedback@m2.com))
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
Most Popular Business Publications
Content provided in partnership with
