Singapore Airlines won’t buy into Virgin Australia

Singapore Airlines won’t buy into Virgin Australia

Singapore Airlines will not be buying into Virgin Australia, with the airline stating it would rather see the airline remain an “independent” carrier in Australia.

Intentions for the airline to buy into Virgin had been speculated ever since Air New Zealand announced it would sell its 25.9 percent stake in the Australian carrier.

Since Air New Zealand this week finalised its $260 million sale of a 19.98 percent stake in Virgin to Chinese conglomerate Nanshan, Singapore Airlines has come out with a public admission that it has no desire to take control of the Australian airline.

“SIA wishes to put on record that it has not contemplated taking a majority stake in Virgin Australia. SIA’s interests in the Australian market — as well as in Virgin Australia itself — are best served through an independent Virgin Australia,” said a spokesperson for the company.

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