Air NZ keeps Virgin stake at 19.99 percent as Singapore Airlines joins owners

Sun, 18 Nov 2012

Nov. 19 (BusinessDesk) - Air New Zealand has kept its stake in partner airline Virgin Australia, buying 49.1 million shares to retain ownership at 19.99 percent after Singapore Airlines joined the shareholder register. New Zealand's national carrier made the transaction at the same time as Singapore Airlines was issued a 10 percent stake in Virgin, it said in a statement. No dollar figure was put on the purchase, which at today's trading price equals some A$23.81 million. Last month, Singapore Airlines paid A$105 million for a stake in Vir...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Energy
Climate change: some bans banned as energy policy evolves
Ian Llewellyn | Tue, 17 May 2022

The Emissions Reduction Plan shows the evolution in the government's thinking on energy policy.

Technology
$20m for SaaS and innovation in the Budget
Ben Moore | Tue, 17 May 2022

A first look at where the digital economy will benefit from government investment.

Charities FREE
Charities regulator more guide dog than watchdog
Oliver Lewis | Tue, 17 May 2022

Regulator opts more for education than enforcement. 

Sponsored
Grow your business by taking time to plan

Getting business fundamentals right gives the best chance at beating the unplannable.

Partner content
More fuel storage needed now

Boosting fuel reserves could prevent social & economic disruption.