Singapore Airlines in talks to sell Virgin stake | Redux

Singapore Airlines in talks to sell Virgin stake

In a world where everybody carries a mobile phone.. by Lars Plougmann
License (according to Flickr): Attribution-ShareAlike License

Excerpt:

HONG KONG (CNNMoney) -- Singapore Airlines said Monday it is in talks to sell its stake in Virgin Atlantic, a move that could shake up air travel in Asia and Europe. The airline said it was "in discussions with interested parties" about a sale, but cautioned that the negotiations may not result in a deal. Singapore Airlines has held 49% of Virgin Atlantic since 1999, while British entrepreneur Richard Branson has retained a controlling share. Singapore Airlines did not list potential suitors, but multiple media reports suggest Delta Airlines is participating in talks. A spokeswoman for the U.S. carrier declined to comment Monday, and representatives from Virgin Atlantic did not respond to a request for comment. Shares of Singapore Airlines were down 0. 5% in morning trading. Should Singapore Airlines divest, the sale would be the latest round of shuffling in the merger-happy airline industry.

Keywords:

Singapore Airlines Virgin Atlantic Delta Airlines Northwest Airlines airline airline industry Richard Branson HONG KONG air travel Steve Ridgway cultural differences sale CNNMoney suitors spokeswoman divest stumbling Heathrow entrepreneur company passenger discount computer discussions shuffling fuel Asia step Asian flight has held Europe recent markets space London reports International

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Richard Branson

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Additional Info:

Company: Singapore Airlines

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Company: Virgin Atlantic

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• Virgin Atlantic Airways
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Company: Delta Airlines

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Singapore Airlines said Monday it is in talks to sell its stake in Virgin Atlantic, a move that could shake up air travel in Asia and Europe.

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Singapore Airlines in talks to sell Virgin stake

Provided Keywords:

• air travel
• aircraft
• delta
• delta airlines
• flights
• richard branson
• singapore air
• singapore airlines
• virgin
• virgin atlantic

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