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...

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