Air NZ sale of Virgin stake could be delayed by Australian election

Fri, 06 May 2016

By Fiona Rotherham May 6 (BusinessDesk) - Air New Zealand’s proposed divestment of its 25.99 percent stake in Virgin Australia could hit turbulence if an election is called in Australia for July 2 as expected. The Kiwi airline is said to have flagged at an investor presentation day this week that it would like the sales process to be completed by June 30, although today it refused any wider public comment on progress on the decision. Centre for Aviation analyst Blake Moore said if the election is called this weekend as predicted, that...

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