Photographer: Munshi Ahmed/Bloomberg

Singapore Air Is Facing a $3.2 Billion Dilemma

Updated on
  • Power-sharing agreement in limbo as Air NZ considers exit
  • Air NZ’s 25.9 percent stake in Virgin worth about $249 million

Singapore Airlines Ltd. has a decision to make: throw more cash at Virgin Australia Holdings Ltd., which has burned up shareholder wealth in four of the past five years, or risk an unwelcome rival muscling in.

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