Air NZ increases stake in Virgin Australia

Victoria
By Victoria September 27, 2011 10:28

Air NZ increases stake in Virgin Australia

Air New Zealand has increased its stake in Virgin Australia by up to 5% to a maximum 19.99%. The airline stated it would ensure that it did not breach the 49% foreign ownership cap. Air NZ, which is 75% owned by the New Zealand government, took its original stake in Virgin Australia in January following approval of a commercial alliance. The two airlines code share flights between the two countries, and co-operate on scheduling and support services.

Victoria
By Victoria September 27, 2011 10:28
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