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Temasek interested in Virgin Atlantic?
Virgin Atlantic is in trouble in the current crisis, unable to operate flights because people are in lockdown the world over, the UK government are supposedly refusing to help out financially, It’s shareholders are unable to assist (Delta because it is seeking and receiving state aid in the US to survive, Branson because he doesn’t have £500m) and the airline lacks the cash to continue after May.
The airline has supposedly been put up for sale, and the Singapore wealth fund are supposedly an interested party. Any thoughts? https://www.google.co.uk/amp/s/www.b...ntic-telegraph |
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Singapore Airlines sold is 49% share of Virgin Atlantic to Delta. I can't see why they would want it back. Especially with the problems Virgin Australia are facing - SQ is at risk of loosing all it's investment. Based on that I can't see why Temasek would want to get involved.
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I’m not sure if I’ve read your responses correctly - or if I’ve missed something - this relates to Virgin Atlantic (VS) in Europe, not Virgin Australia (which is a separate entity linked only by the branding I think).
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