Air New Zealand (ANZ) has raised A$65.7 million ($50.4 million) from the sale of its remaining Virgin Australia shares. In March, ANZ said it was considering selling its 25.9% shareholding because it no longer had significant influence over Virgin Australia. ANZ sold 810,613,877 shares in June for A$0.33 per share, retaining just 2.5% of the company. However, on Oct. 12, ANZ told the New Zealand stock exchange it has disposed of the remaining shares. “Air New Zealand has sold its ...

Subscribe to Access this Entire Article

"Air New Zealand sells out of Virgin Australia" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.