Air New Zealand boosts stake in Virgin Australia by 5%

09/26/2011 | Australian (tiered subscription model), The

Air New Zealand took advantage of Virgin Australia's weak stock price and purchased an additional stake of 5% in the company. A board seat could be the next move. "Our increased investment in Virgin Australia continues Air New Zealand's strategy to develop scale and reach in this region," said Air New Zealand CEO Rob Fyfe.

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Australian (tiered subscription model), The

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