UPDATE: Air NZ sells Safe Air subsidiary to Airbus; no jobs losses expected

UPDATE: Air NZ sells Safe Air subsidiary to Airbus; no jobs losses expected
(Adds comment on jobs) By Fiona Rotherham June 22 (BusinessDesk) - Air New Zealand said it wasn’t expecting any job losses as a result of the sale of its Safe Air engineering subsidiary to European aerospace giant Airbus Group. In a statement, the national carrier said it had signed a conditional agreement to sell the wholly-owned subsidiary to Airbus Group Australia Pacific, which is a major supplier to the Australian defence forces and civil helicopter retailer. The value of the deal, which is expected to be completed next month, is...