Air New Zealand has bought 49.1 million Virgin Australia shares to retain its ownership stake at 19.99%. The move was prompted by Singapore Airlines joining the shareholder register to buy a 10% stake for $A105 million. Air NZ had to buy more shares to prevent its own stake being diluted.
Air NZ keeps stake in Virgin Australia
Air New Zealand has bought 49.1 million Virgin Australia shares to retain its ownership stake at 19.99%. The move was prompted by Singapore Airlines joining the shareholder register to buy a 10% stake for $A105 million. Air NZ had to buy more shares to prevent its own stake being diluted.