Air NZ makes loss of hundreds of millions on sale of Virgin stake
All the same, shareholders are gleeful the airline managed to get out in time.
Air New Zealand [NZX: AIR] has made a loss of about $200 million by selling its almost 20% stake in Virgin Australia to a Chinese conglomerate.
New Zealand’s national airline announced this morning it had sold a 19.98% stake in Virgin to Chinese company Nanshan Group, which owns the emerging
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Calida Smylie
Fri, 10 Jun 2016
Fri, 10 Jun 2016
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Air NZ makes loss of hundreds of millions on sale of Virgin stake
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