CORRECT: Air NZ among Virgin shareholders providing A$425 mln loan

Mon, 21 Mar 2016

(Fixes value of Air NZ's share of the loan in 4th graph) By Paul McBeth March 21 (BusinessDesk) - Air New Zealand and its fellow airline shareholders in Virgin Australia will provide one-year funding of A$425 million, giving the Australian airline room to review its capital structure. Melbourne-based Virgin's cornerstone shareholders - Air NZ, Etihad Airways, Singapore Airlines and Virgin Group - are each funding the new loan facility to let the airline review its mix of debt and equity capital, and consider operational initiatives to...

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