Singapore Airlines in talks to sell Virgin stake: Singapore Airlines said Monday it is in talks to sell its stak...

Singapore Airlines in talks to sell Virgin stake - Dec. 3, 2012

money.cnn.com 03 Dec '12, 5am

Singapore Airlines in talks to sell Virgin stake: Singapore Airlines said Monday it is in talks to sell its stak...

HONG KONG (CNNMoney) -- Singapore Airlines said Monday it is in talks to sell its stake in Virgin Atlantic, a move that could shake up air travel in Asia and Europe. The airline said it was "in discussions with interested parties" about a sale, but cautioned that the negotiations may not result in a deal. Singapore Airlines has held 49% of Virgin Atlantic since 1999, while British entrepreneur Richard Branson has retained a controlling share. Singapore Airlines did not list potential suitors, but multiple media reports suggest Delta Airlines is participating in talks. A spokeswoman for the U.S. carrier declined to comment Monday, and representatives from Virgin Atlantic did not respond to a request for comment. Shares of Singapore Airlines were down 0.5% in morning trading. Should Singapore Airlines divest, the sale would be the latest round of shuffling in the merger-happ...

Full article: http://money.cnn.com/2012/12/03/news/virgin-delta-singapo...

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