You are here

SIA's VA stake inches up amid talk it may scoop up Air NZ's interest

Friday, April 8, 2016 - 05:50

sia.jpg
Singapore Airlines (SIA) has increased its stake in Virgin Australia (VA) slightly from 22.91 per cent to 23.11 per cent after it paid A$3.18 million (S$3.24 million) to settle a series of return equity swaps.

Singapore

SINGAPORE Airlines (SIA) has increased its stake in Virgin Australia (VA) slightly from 22.91 per cent to 23.11 per cent after it paid A$3.18 million (S$3.24 million) to settle a series of return equity swaps.

This comes as VA's biggest shareholder, Air New Zealand, is

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom