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SIA's Virgin Australia stake could rise to 22.1%

Carrier to subscribe to Virgin's A$350m equity issue, along with Air NZ, Etihad

Aiming high: VA is working to wrest market share in Australia from Qantas. - PHOTO: REUTERS

[SINGAPORE] Singapore Airlines (SIA) could boost its stake in Virgin Australia (VA) to 22.1 per cent by subscribing to Virgin's A$350 million (S$407 million) equity issue, undertaken to pare debt against the backdrop of a tough domestic operating environment and stiff competition. VA's other