- Mar 22, 2005
A Singapore based airline buying an Australian airline, albeit a very small airline. Am I reading too much into this story?
AAP said:Advent Air moves on Skywest shares
Singapore-based Advent Air Ltd through its subsidiary CaptiveVision Capital Ltd is bidding to acquire the balance of the shares in West Australian airline Skywest Ltd that it does not already own.
Advent Air, though CaptiveVision Capital, already holds 60.34 per cent of Skywest and has now made an off-market offer for the balance.
It is offering 0.4171 Advent shares and 0.227 cash for each Skywest share held.