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SIA debunks speculation of majority stake in Virgin Australia

SIA says its interests are 'best served through an independent Virgin Australia'

Nisha Ramchandani

Published Fri, Jun 24, 2016 · 09:50 PM

Singapore

PUTTING widespread speculation to rest, Singapore Airlines (SIA) has stressed that it has no intention of snapping up a majority stake in Virgin Australia (VA).

The carrier issued a statement on Friday morning in a pointed rejoinder to talk that it missed out on the opportunity to boost its stake to 51 per cent after two Chinese groups acquired shareholdings in VA.

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