Many months ago I suggested that the 49% investment in Vigin Atlantic was a complete waste of money and that was prior to WTC which now makes this investment worthless.I think Dr Cheong was so fascinated by Richard Branson that he would have paid anything he was asked,likewise the 25% investment in Air New Zealand is also worthless.
Swissair have shown that minority stakes in other Airlines is not profitable and Cathay's CEO has been quoted as saying that buying minority stakes in other Airlines is not a good use of capital. Heads should roll at the very top of SIA for this and as someone else has mentioned we the Pilots will be the ones who are asked to make sacrifices for the almost 2Billion SGD that has been totally wasted.It is a National Scandal!!