Air New Zealand A320. Photo: By Rob Finlayson. Air New Zealand said it will acquire a substantial shareholding in Australia's Virgin Blue, a strategic move that has been long-anticipated. ANZ notified the Australian and New Zealand stock exchanges that it plans to acquire between 10% and 14.99% of Virgin Blue, but ANZ CEO Rob Fyfe emphasized Thursday it has no intention of making a takeover bid for Blue. ANZ has received Australian Foreign Investment Review Board approval to ...

Subscribe to Access this Entire Article

"Air New Zealand to buy up to 15% of Virgin Blue" 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?

Already registered? here.