Singapore Airlines confirms sale of Air NZ stake
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SYDNEY - Singapore Airlines announced on Tuesday the sale of its &quot;non-core&quot; 6.3% stake in Air New Zealand, ending a four-year strategic investment in the now government-owned carrier.
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QANTAS Airways shares firmed yesterday following British Airway&#39;s sale of its 18.25 per cent stake in the carrier. BA&#39;s 336 million shares in Qantas were sold to Australian and international institutions at
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Air New Zealand was left with the New Zealand Government as its only substantial shareholder yesterday after Singapore Airlines sold its remaining 6.3 per cent stake in the Kiwi carrier for $NZ61.
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Australia's Qantas Airways agreed on Thursday to a sweetened $8.7 billion buyout offer from a group led by Macquarie Bank Ltd. and private equity firm Texas Pacific Group in the world's biggest airline takeover.
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Australia and New Zealand Banking Group  Ltd.  said on Monday it had acquired a 10 percent stake  in Vietnam&#39;s top stock broker Saigon Securities Inc.   for US$88 million, further boosting its Asian expansion.
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AUCKLAND: National flag carrier Air New Zealand said it had lost a court bid to win approval for an alliance with its Australian competitor Qantas.
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Qantas confirmed Wednesday that British Airways plans to sell its 18.25 percent stake in Australia&#39;s flag-carrier over the next two days.
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Singapore Airlines, which splashed out $285 million on Air New Zealand shares four years ago, yesterday sold its stake in the national carrier for about $62 million.
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Singapore Airlines, the world's second most valuable airline, said today it planned to buy up to 31 Boeing planes worth about $7.35 billion.
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Australia's Qantas Airways Ltd.   reached a deal on Wednesday to be sold to a group led  by Macquarie Bank Ltd.  and private equity firm Texas  Pacific Group, according to a source familiar with the deal.
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SINGAPORE Airlines has quit its 6.3 per cent shareholding in Air New Zealand, signalling the end of its ambitious plan to use the airline as a platform for expansion into the Australian and New Zealand markets.
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SINGAPORE: Singapore Airlines (SIA) will sell its 6.3 percent stake in Air New Zealand, officially ending its venture in the now government-controlled carrier.
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Australia and New Zealand Banking Group Ltd.  said on Monday it had acquired a 10 percent stake in Vietnam's top stock broker Saigon Securities Inc.  for US$88 million, further boosting its Asian expansion.
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LONDON, September 9 (New Ratings) - British Airways (BAI1.FSE) has sold its 18.25% stake in the Australian airline, Qantas, to local and international investors.
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British Airways (BA) said it would sell its 1.1 billion dollar (770 million US) stake in Australia's Qantas in a move seen as likely to fuel a major realignment of airline alliances.
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WELLINGTON (Dow Jones)--The Australian Competition Tribunal Tuesday approved plans for a proposed alliance between Air New Zealand Ltd.
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SYDNEY: British Airways said it will sell its entire 18.25% stake in Australia&#39;s Qantas Airways in a move seen as likely to fuel a major realignment of airline alliances.