Singapore Airlines (SIA) yesterday disclosed that it intends increase its stake in Virgin Australia to 19.9%, just days after the Australian Competition and Consumer Commission approved the Virgin’s acquisition of a 60% stake in Tiger Australia, a low-cost carrier that is a subsidiary of a Singapore-based holding company in which SIA is a significant shareholder. SIA currently owns 9.9% of Virgin Australia, and increasing its stake to 19.9% further strengthens its ties with the ...

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