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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
4 mins to read

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.

Calida Smylie
Fri, 10 Jun 2016

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
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Air NZ makes loss of hundreds of millions on sale of Virgin stake
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