SQ had direct financial involvement, stakes and control with Tiger Airways and Virgin Australia 1.0. Both failed massively with huge financial losses.Urgh, can't SIA just come in and swoop up VA - they've been trying for years to have a presence here, but they just keep stuffing around ... this should have happened in the AN days.
The ol' "SQ will TAEK OVAH VA !!!1!!" during the Borghetti and early Scurrah eras are largely "Fake News", nothing more than glorified Tyre kickers.