Singapore Airlines intends to sell 49% of Virgin Atlantic Stock
Singapore Airlines (SIA) announced its intention to accept the offer of another party to buy 49% stake in Virgin Atlantic. However, the SIA declined to comment on whether the existing bidders who intend to buy airline stocks.
“I think we have very open. We have declared open if there are interested parties have 49% of Virgin. They can offer and we will evaluate and determine a decision based on that,” said Goh Choon Phong, chief executive of the SIA.
For your information, AIS purchased 49% stake in Virgin valued at U.S. $ 990 million in 1999 ago.
According Shukor Yusof, an airline analyst with Standard & Poors, the prospective buyer is likely to see the geographic path trodden by Virgin Atlantic as a challenge because the majority of the route is across the Atlantic. In fact, at this time, the growth of the aviation industry from Asia.
