Air NZ keeps stake in Virgin Australia

Victoria
By Victoria November 19, 2012 15:39

Air NZ keeps stake in Virgin Australia

Air New Zealand has bought 49.1 million Virgin Australia shares to retain its ownership stake at 19.99%. The move was prompted by Singapore Airlines joining the shareholder register to buy a 10% stake for $A105 million. Air NZ had to buy more shares to prevent its own stake being diluted.

Victoria
By Victoria November 19, 2012 15:39
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