Air Transport World

Rupert Murdoch's News Corp.(Brief Article)(Statistical Data Included)

Rupert Murdoch's News Corp. has withdrawn an offer to sell its 50% stake in Ansett Airlines to Singapore Airlines for around $300 million because of unresolved issues involving Ansett's other major shareholder, Air New Zealand.

Said SIA in a statement: "Air New Zealand has the pre-emptive right to match any offer to buy News' stake. SIA met with Air New Zealand several times to discuss their waiver of this right. As News has now decided to withdraw its offer to sell, the question of this waiver no longer applies. …

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