Radarspotting
Miscellaneous => Aviation News => Topic started by: mhm on October 30, 2012, 06:14:28 AM
Singapore Airlines has bought a 10% stake in Virgin Australia, as competition heats up in the Australian aviation market.
Singapore Air will spend A$105m ($108m; £68m) on the deal, Virgin said in a statement.
The tie-up comes after Qantas announced a potential alliance with Dubai's Emirates.
Global airlines have increased cooperation as rising fuel prices and competition have hit profits.
http://www.bbc.co.uk/news/business-20133348