Singapore Airlines Sells Air NZ Stake
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The sale ends a four-year investment in New Zealand&#39;s national carrier, that has cost the Asian airline half a billion dollars.
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An online auction of tickets for the first commercial A380 flight is nearing an end, with one bidder spending S$153,000 (US$100,380) for a first-class seat on the Singapore Airlines Ltd. flight.
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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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Virgin Atlantic chairman Sir Richard Branson wants to buy back Singapore Airlines&#39; 49-percent share of the carrier he founded in 1984, according to a newspaper interview published Tuesday.
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China Eastern Airlines  (0670.HK) shareholders rejected a deal to sell a 24 percent  stake to Singapore Airlines  for US$920 million,  opening the door for bigger rival Air China (0753.HK) to make a  play for the country's third-largest carrier.
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SINGAPORE (Dow Jones)--Singapore&#39;s state-owned investment company Temasek Holdings Pte Ltd. Friday said it sold a 2% stake in Singapore Telecommunications Ltd.
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Dubai Aerospace Enterprise Thursday abandoned its controversial bid to take a majority stake in New Zealand&#39;s aviation hub, Auckland International Airport.
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Singapore International Airline&#39;s (SIA) selldown of its 6.3 per cent stake in Air New Zealand, announced yesterday, seems to have been well anticipated by the sharemarket.
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British Airways is selling off its 18.25 per cent stake in Australian flag carrier Qantas to repay off some of its huge debts and build up its cash war chest for new deals in Europe.
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Singapore Airlines says it will not sweeten its bid to buy a stake in China Eastern Airlines as rival Air China promises to pay more.
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SIA initially took a 25 percent stake in Air New Zealand four years ago but lost hundreds of millions of dollars after the New Zealand government was forced to bail out the troubled carrier and take majority ownership in 2001.
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Singapore Airlines confirms it is in talks about buying a stake in  China Eastern Airlines, a deal which could be worth up to $1bn.
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Australian flag carrier Qantas Airways said that British Airways had sold its 18.25 percent shareholding to a range of investors, as its shares surged on the news.
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British Airways Plc, Europe&#39;s second- biggest airline, is selling its A$1.1 billion ($763 million) stake in Qantas Airways Ltd.
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Australia's Qantas Airways   said on Thursday it has accepted an A$11.1 billion ($8.7  billion) revised buyout offer led by Macquarie Bank Ltd.   and private equity firm Texas Pacific Group at A$5.60  a share.
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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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Australia's Qantas Airways  said on Thursday it has accepted an A$11.1 billion ($8.7 billion) revised buyout offer led by Macquarie Bank Ltd.  and private equity firm Texas Pacific Group at A$5.60 a share.