Dr, Pepz said 18/11/2009
KABOY - a bit naive to think that SIA has the time and resources to sit around and burn money on TR just to "look good" and "save face". Singapore is not China and the culture here is by no means "Chinese".
Next, TR is not a subsidiary of SIA. 51% is owned by other shareholders, so SIA cannot unanimously make decisions on what to do with TR.
So Dr.Pepz who's calling the shots in this money burning exercise? Directors don't lose money unless their shareholders are happy to.