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SINGAPORE AIRLINES PLANS TO RAISE ITS STAKE IN AIR NEW ZEALAND

SINGAPORE, Singapore Airlines confirmed its intention of raising its stake in Air New Zealand. The airline currently holds a 25% stake. The plan has to be approved by the government of AIr New Zealnd and by shareholders. SIA, in a statement, expained that it would increase its interest placing additional shares and it also would support a capital-raising programme by Air New Zealand.

AVIONEWS - World Aeronautical Press Agency - 14288
Rome, Italy, 06/20/2001 11:00
AVIONEWS - World Aeronautical Press Agency

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