July 9, 2007 / 5:53 AM / 11 years ago

Report says Singapore Air may sell Virgin Atlantic stake

LONDON (Reuters) - Singapore Airlines (SIAL.SI) is reviewing the future of its stake in Virgin Atlantic VA.UL in a move that could lead to a 1 billion pound sale or initial public offering, the Daily Telegraph said on Monday.

The newspaper, without citing sources, said the Singapore-based carrier was in the early stages of examining options for its 49-percent stake in entrepreneur Richard Branson’s Virgin Atlantic.

Singapore Airlines and Virgin Atlantic could not immediately be reached for comment.

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