Singapore Airlines (SQ, Singapore Changi) says that after nearly six months, talks concerning the possible acquisition of a stake in Jeju Air (7C, Jeju) have come to an end with no deal signed.
"Singapore Airlines wishes to announce that discussions have now ceased and the parties will not be proceeding with a transaction," it said in a filing to the Singapore stock exchange.
Singapore Airlines maintains stakes in several Asia-Pacific operations including Vistara (UK, Delhi International) in India and Virgin Australia (VA, Brisbane International) as well as in NokScoot (Bangkok Don Mueang) via its Scoot (TR, Singapore Changi) subsidiary.
