Air NZ up stake in Virgin Australia

first_img“The recently extended Tasman Alliance with Virgin means we can confidently work to provide a strongly competitive, Australasian and international airline network,” Air New Zealand chief executive Christopher Luxon said. Virgin Australia’s other major shareholders are the Virgin Group and Singapore Airlines. The Kiwi carrier has received approval from Australia’s Treasury to grow its share in Virgin from approximately 23 percent in June to 25.9 percent, Reuters reported. Air New Zealand will increase its share in Virgin Australia to boost competition in the region. Source = ETB News: P.T.last_img

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