PPRuNe Forums - View Single Post - Merged: Virgin Blue Share Price - how low can it go and for how long?
Old 25th Feb 2009, 03:54
  #448 (permalink)  
indamiddle
 
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singapore airlines could buy 49% of va with 51% owned by an aussie entity, similar to the allco job on the failed qf deal. it would still have to go by the FIRB. if successful, sometime down the track they could purchase a significant, but not majority, share of the aussie entity. effectively they would control va. the only problem here is that they already own 51% (or is it 49%?) of virgin atlantic which has been a problem child and a money pit for many years.
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