Air New Zealand sells Safe Air engineering subsidiary to Airbus

Mon, 22 Jun 2015

By Fiona Rotherham June 22 (BusinessDesk) - Air New Zealand has confirmed media speculation about the sale of its Safe Air engineering subsidiary to European aerospace giant Airbus Group. Blenheim-based Safe Air does upgrade and maintenance work for the Royal New Zealand Air Force and other military and commercial aircraft operators around the world. In a statement, Air New Zealand said it had signed a conditional agreement to sell the wholly-owned subsidiary to Airbus Group Australia Pacific, which is a major supplier to the Australi...

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