UPDATE: Air NZ faces loss on Virgin exit

Wed, 30 Mar 2016

(Update: new angle and includes broker comment) By Paul McBeth March 30 (BusinessDesk) - Air New Zealand looks set to lose money if it goes ahead with selling its 26 percent stake in Virgin Australia after hiring investment bankers to review the shareholding. The Auckland-based airline today said it's 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, with chairman Tony Carter saying the airline doesn't want a large minority equity stake in...

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