Singapore Airlines (SIA) has disclosed that it plans to increase its stake in Virgin Australia to 19.9%, and that there is already an agreement in place to achieve this. The disclosure comes just days after the Australian Competition and Consumer Commission approved Virgin Australia’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 already owns 9.9% of Virgin ...
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