Singapore Airlines refuses to become a Spanair stockholder

From http://www.expansion.com/2011/05/04/catalunya/1304492852.html (in Spanish)

Swee Wah Mak, Executive Vice President of Commercial at Singapore Airlines Ltd., has denied that rumours that were indicating that Singapore Arlines might become a stockholder of the Star Alliance member, Spanair. Singapore Arlines will remain as a commercial partner of Spanair and values the opportunity that Barcelona airport of El Prat offers as an alternative hub to the Madrid Barajas airport for flights to South America. Sales of Singapore Arlines in 2010 totalled 7.2 billion euros and the net profit reached 122 million euros.