China’s privately run Nanshan Group has purchased a 19.98% stake in Virgin Australia from Air New Zealand. This transaction makes Nanshan the second Chinese company within a month to invest in the Australian carrier. Air New Zealand will sell the stake in Virgin Australia at 0.33A$ a share to Nanshan Group, which owns Qingdao Airlines. “We believe Nanshan Group will be a very strong, positive and complementary shareholder for Virgin Australia,” Air New Zealand chairman ...

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