SQ to sell Virgin Atlantic stake?

[docjames]

Can't seem to find a link but with new CEO at SQ talk emerging of SQ looking to offload it's 49% of Virgin Atlantic.

Could shake things around depending on who winds up with the stake.

A buyback is unlikely, but as a left field thought what about DJ taking 25-49%? Would open up a realm of possibilities......

 

[samh004]

How much is 49% worth roughly? I don’t think Virgin Blue has the money to put into another carrier, especially when they’re about to embark on their own expansion/upgrade…

 

[medhead]

I don't know even the most basic details about the agreement on using the Virgin name. But would SQ selling it's stake in virgin atlantic mean that it no longer has veto over DJ using the virgin name offshore?

 

[Oneworldplus2]

Singapore Air's New CEO May Shed Virgin Atlantic Stake

Singapore Air's New CEO May Shed Virgin Atlantic Stake - Bloomberg

Singapore Airlines Ltd.’s Goh Choon Phong, who takes over as chief executive officer tomorrow, may shed the last major remains of the carrier’s global expansion strategy as he confronts rising competition in Asia.
Goh, 47, may get offers for the airline’s 49 percent stake in Virgin Atlantic after the U.K. carrier said this month it had received tie-up inquiries. Outgoing CEO Chew Choon Seng called the investment “underperforming” two years ago and has said the airline would consider a sale.
In Asia, Goh faces low-fare competition on long-haul routes from Jetstar and AirAsia X Sdn., as well as renewed efforts by Cathay Pacific Airways Ltd. and Korean AirEurope and the Asia-Pacific region.
Lines Co. to lure lucrative business-class travelers. Middle East carriers Emirates Airline, Qatar Airways Ltd. and Etihad Airways have also ordered close to 300 planes since 2007 as they build hubs linking

Virgin, 51 percent owned by billionaire Richard Branson, hired Deutsche Bank AG to explore options as British Airways Plc boosts cooperation with American AirlinesIberia Lineas Aereas de Espana SA. Singapore Air bought its stake in a 600 million-pound ($930 million) investment concluded in 2000.
Singapore Air would consider “interesting opportunities” for the stake, Nicholas Ionides, a spokesman, said in an e-mail. Goh, who joined the carrier as a cadet administrative officer in 1990 after graduating from the Massachusetts Institute of Technology, declined interview requests, he said.

Lots more on the link above