Air New Zealand has increased its stake in Virgin Australia by up to 5% to a maximum 19.99%. The airline stated it would ensure that it did not breach the 49% foreign ownership cap. Air NZ, which is 75% owned by the New Zealand government, took its original stake in Virgin Australia in January following approval of a commercial alliance. The two airlines code share flights between the two countries, and co-operate on scheduling and support services.
Related posts
Fastjet announces second international route
By
Dino D'Amore
29th November 2013