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Air New Zealand Cooperation With Virgin Blue

Thursday, January 20th, 2011

Up to 75%  Discounted Hotel Rates

NZPA: Air New Zealand is taking its relationship with Virgin Blue up a notch, saying it has become a substantial shareholder in the Australian-based airline it is forming a trans-Tasman alliance with.

Air New Zealand has notified the ASX and NZX that it has become a substantial shareholder in Virgin Blue, and plans to build its holding to between 10 per cent and 14.99 per cent. Companies are considered to be substantial shareholders when they hold 5 per cent or more of a company.

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