Singapore Airlines Buys 8.4 Percent Stake In Air New Zealand
Cash-rich Singapore Airlines (SIA) has spent NZ$140 million (US$69.6 million) to buy an 8.4% stake in Air New Zealand, ending a 12-month battle for control of that airline and Ansett Australia. SIA tried to buy 50% of Ansett from Rupert Murdoch's News Corp. for A$500 million (US$300 million) in...
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