Originally Posted by
DanV2
This rumour about the "so called saviour" SQ buying out VA happens every year and it turns out to be "fake news" everytime. Considering SQ in the last two financial reports had to report VA's losses making a negative impact on SQ group's own profits, I would not be surprised if SQ actually wanted out.
In addition, SQ has a mediocre track record at equity investments. VS, NZ/AN, TT, UK (Vistara) aren't exactly glowing references of being a decent equity owner. DL or NH, while not perfect themselves, are better equity managers.
There's probably a better chance of DL or NH taking over, and that's NOT likely to happen either.
I think you misread my post - I never said saviour, if SQ want to takeover make no mistake it will be for their interests and not Virgin's. I also never said I thought SQ would be good or great at it or whatever, just that they want to.
Remember when AirNZ wanted Mossimo gone but SQ and Etihad said No leading to the AirNZ exit? If they wanted out then was the time.
Of course who knows what may happen, but it was in print and the ducks are lining up with what was seems to have been predicted considering the announced repurchase of Velocity (bring back the best money making thing to be attractive for a buyer) and now Propstar bowing out of NZ... (remember all the Q400 markings that were painted at the airport parking bays but then never used??). Yes propstar was losing money with a product that didn't suit the regular regional domestic travellers and don't bet against the home team etc, but they stopped before being able to get to a critical mass to have a legitimate chance at things......why? Really think it was just a 'dumb early 20's graduate management decision'?
To me it still looks like Singapore/Scoot is coming and Qantas/ANZ are preparing.