Air NZ reviews its 26% stake in Virgin Australia

Paul McBeth
Wed, 30 Mar 2016

By Paul McBeth March 30 (BusinessDesk) - Air New Zealand has hired investment bankers to look at a sale of its 26 percent stake in Virgin Australia, less than a fortnight after committing to a one-year A$131.2 million loan to the airline.  Virgin's ASX-listed shares were halted pending the announcement, recently trading at 38 Australian cents.  Auckland-based Air New Zealand has hired First NZ Capital and Credit Suisse to advise on options for its stake, including a potential sale of all or part of its Virgin shareholding. Chairman Ton...

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