Singapore Airlines has agreed to acquire another 9.9% of Virgin Australia in a move that will increase its stake to 19.9%. The strategic stake will be acquired through the purchase of shares held by the Virgin Group. Singapore Airlines will purchase 255.5 million shares at 48 Australian cents per share for a total consideration of A$122.6 million. The purchase is subject to approval from Australia’s Foreign Investment Review Board (FIRB). “Our partnership with Virgin Australia has been going from strength to strength, offering a wide range of consumer benefits,” said Singapore Airlines CEO Goh Choon Phong. “Increasing our stake in

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