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Air New Zealand increases its stake in Virgin Australia

Canberra, Australia - Taking advantage of a low price

It has just been announced that the New Zealand carrier Air New Zealand has increased its stake by 5% in the low-cost Virgin Australia following a strategy of strengthening its participation that corresponds to a desire to develop in the region, according to CEO of Air New Zealand Rob Fyfe. The New Zealand company now owns 19.99% of total share capital; the carrier took advantage of the recent weakening...

AVIONEWS - World Aeronautical Press Agency - 1134221
Rome, Italy, 09/26/2011 18:58
AVIONEWS - World Aeronautical Press Agency

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