2 Cheap Cars to sell 10% stake in Kiwi Regional Airlines

Wed, 23 Dec 2015

By Sophie Boot Dec. 24 (BusinessDesk) - 2 Cheap Cars, which has built a nationwide chain of auto yards selling used imports since starting four years ago, is looking to sell its stake in Kiwi Regional Airlines, which is run by the founder of failed mid-1990s operator Kiwi Travel International Airlines. The car reseller today said it wants to sell its 10.4 percent holding in the airline, and that it "never intended to be a long-term investor." When it first invested last December, the company said it was "joining a consortium", with chief...

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