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SIA confirms talks on taking Korean budget carrier stake

Reports say discussions with Jeju Air and parent Aekyung began late last year and the share could be around 20%

Nisha Ramchandani

Published Tue, Mar 17, 2015 · 09:50 PM

Singapore

SINGAPORE Airlines (SIA) has confirmed that it is in talks to potentially acquire a stake in South Korea-based budget carrier Jeju Air, which would give it a foothold in the buoyant North Asian market.

In a statement to the Singapore Exchange early Tuesday morning, SIA said: "Singapore Airlines wishes to confirm that discussions have taken place on a possible equity investment in (Jeju Air). These discussions may not result in a transaction. Singapore Airlines will make further public announcements as necessary."

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