, Singapore

SIA mulls offloading 49% stake in Virgin Atlantic

US carrier Delta could bid on it.

Singapore Airlines has confirmed it is in talks about offloading its 49% stake in Virgin Atlantic shares but is keeping quiet about possible suitors, notes BBVA, and that rumors "are growing" that US carrier Delta will make a bid for the shares.

SIA acquired the stake for £600 million back in 1999.

"Looking at the loss-making Virgin now it would be hard to see it making much profit on that investment if it were to sell up now. So any offer from Delta or a rival carrier would need to be compelling enough for SIA to consider. The big attraction lies in the Heathrow landing slots that Virgin owns," said BBVA.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Top News

7 in 10 unprepared for AI-driven cyberattacks
Only 38% said their organisation provided training on how to use AI whilst avoiding exploitation.
CCS overhauls passenger airline alliance framework
Airline alliance notifications are now streamlined into a three-step approach.
Aviation
Raffles Medical net profit falls 9.6% to $29m in H1
Its healthcare services division posted a 16% drop in revenue to $119.5m.
Healthcare