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Star Cruise purchases about 20 percent in Valuair

Republic of Singapore, Singapore - Becoming the main shareholders

The world's third largest cruise line announced it bought about 20 percent stake in Singapore's low-cost airline Valuair. The deal, which value was not disclosed, will see the cruise operator become the main shareholder of the carrier. "We have bought a little bit more than 20 percent of the airline" a Star Cruise's spokesman said, declining to reveal further information. Valuair, which was founded...

AVIONEWS - World Aeronautical Press Agency - 110391

AVIONEWS - World Aeronautical Press Agency
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