Here is quote from the Sydney Morning Herald.
Looks like SQ have outsmarted themselevs this time:
"Yet the cabal of wealthy businessmen which effectively runs Singapore, injected money into both Impulse and Virgin in order to lower fares and run Ansett down. The tactic was to buy Ansett cheaply but, when the damage had been done, Singapore Airlines decided the cost of recapitalisation was too high."
Not only that but they accidentally crippled ANZ, their other investment, as well.
[ 25 September 2001: Message edited by: Cloud Cuckooland ]