SIA considers Virgin stake sale

Singapore Airlines is exploring options to sell all or part of its 49 per cent stake in Virgin Atlantic, which it bought in 1999 for £600m, after admitting that income from its investment had fallen. The disposal could include SIA directly selling its shares to another investor or persuading Sir Richard Branson, Virgin Atlantic’s owner, to allow SIA to sell its stake through an IPO of the privately-held carrier. Sir Richard on Tuesday suggested he might be prepared to buy back SIA’s stake, but analysts said that was unlikely unless he offered a generous price.

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