Autopsy results today revealed that Japanese pan player Asami Nagakiya was strangled. The police are now treating her death as a murder.
You are here
Singapore Airlines in talks on Virgin Atlantic sale
Singapore Airlines says it is in talks to sell its 49 per cent stake in Virgin Atlantic. News agencies, including Reuters and Bloomberg, reported that Delta Air Lines was the interested party according to unnamed sources. Billionaire Richard Branson holds a controlling 51 per cent of Virgin.
A partnership with Virgin would allow US-based Delta to access the lucrative transatlantic business travellers market between the US and London. Singapore Air bought its 49 per cent stake in Virgin in 2000 for about £551 million (US$884 million). Since then Singapore Air has injected further capital into Virgin and now values its total investment at £600.25 million.
Singapore Air said in a brief statement that it was “in discussions with interested parties” to possibly divest its shareholding, but did not name the potential buyers. It added that the talks may or may not lead to a transaction. Delta, the second-biggest US airline, has been looking to buy into Virgin for more than two years, as it looks to increase its access to London's Heathrow airport.
Virgin is the second-biggest airline at Heathrow airport, where landing slots are hard to acquire. Virgin has also been looking for investors, hiring Deutsche Bank in 2010 to look into its options.
User comments posted on this website are the sole views and opinions of the comment writer and are not representative of Guardian Media Limited or its staff.
Guardian Media Limited accepts no liability and will not be held accountable for user comments.
Guardian Media Limited reserves the right to remove, to edit or to censor any comments.
Any content which is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will be removed.