Air NZ Acquires Stake In New Australian Partner
By Adrian Schofield adrian_schofield@aviationweek.com
Air New Zealand has bought a 14.9% shareholding in Australia’s Virgin Blue worth A$145 million ($143.2 million), but the New Zealand carrier stresses it will not increase its stake further.
Air NZ says it funded the purchase from available cash. The airline obtained the necessary approval from the Australian Foreign Investment Review Board for a share of up to ...
