Singapore Airlines scraps talks on buying stake in Jeju Air
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Singapore Airlines says it has scrapped talks on buying a stake in South Korean budget airline Jeju Air.
PHOTO: ST FILE
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SINGAPORE (REUTERS) - Singapore Airlines Ltd said on Thursday it had scrapped talks with South Korea's Jeju Air on buying a stake in the budget airline.
Singapore Airlines did not give a reason for its decision.
In March, it said it was in talks with Jeju Air over a possible deal, which would have been the the Singapore carrier's first foray into North Asia, where rising demand from Chinese passengers is fuelling growth.
(This story is developing)
