Air NZ maintains Virgin Australia share

Air NZ maintains Virgin Australia share
By admin


Air New Zealand has maintained its 19.99% stake in Virgin Australia with the acquisition of an additional 49.1 million shares, as Singapore Airlines’ purchase of a 10% stake in the airline was finalised.

Virgin today confirmed the completion of Singapore Airline’s acquisition of a 10% stake in the airline, announced last month.

Singapore Airlines has paid $105 million for the 245 million shares in a move Virgin Australia chief executive John Borghetti said will enable the airline to “fast-track its growth plans”.

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