Got a tip? Send it to us at singapore@coconuts.co.
As if it's not enough that the Korean Wave has hit Singapore in terms of music, food and clothes, the city-state is now thinking of investing in their airline business.
A Reuters report reveals today that Singapore Airlines is in talks to take a stake in the low-cost carrier Jeju Air, either directly or via its initial public offering (IPO).
The talks with Jeju Air's parent Aekyung Group have been going on since late last year, but details such as the size, price and timing remain undecided.
According to Reuters, Jeju Air's preparing its fourth-quarter IPO in a bid to be the only Korean low-cost carrier publicly listed.
Its shares are currently trading at 31,000 won each, up 21,000 won from August.
It's seeking capital for expansion in China and other north-east Asian destinations, and looking to purchase aircraft engines it currently only leases.
Got a tip? Send it to us at singapore@coconuts.co.
As if it's not enough that the Korean Wave has hit Singapore in terms of music, food and clothes, the city-state is now thinking of investing in their airline business.
A Reuters report reveals today that Singapore Airlines is in talks to take a stake in the low-cost carrier Jeju Air, either directly or via its initial public offering (IPO).
The talks with Jeju Air's parent Aekyung Group have been going on since late last year, but details such as the size, price and timing remain undecided.
According to Reuters, Jeju Air's preparing its fourth-quarter IPO in a bid to be the only Korean low-cost carrier publicly listed.
Its shares are currently trading at 31,000 won each, up 21,000 won from August.
It's seeking capital for expansion in China and other north-east Asian destinations, and looking to purchase aircraft engines it currently only leases.