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SIA boosts Scoot's capital by buying $400m of its stock
Published Fri, May 30, 2014 · 10:00 PM
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Singapore
SINGAPORE Airlines, Asia's biggest carrier by market value, will spend $400 million buying stock in budget carrier Scoot Pte, boosting the capital of its subsidiary which plans to buy Boeing 787s.
The airline bought 400 million shares in Scoot at $1 apiece, SIA said in a statement to the stock exc…
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