Air New Zealand ups Virgin Australia stake

Air New Zealand has increased its stake in Virgin Australia, taking it up to the maximum amount allowable by the Foreign Investment Review Board of 25.99 per cent.

The minor increase from 24.46 per cent maintains Air NZ’s position as Virgin’s biggest shareholder, ahead of Singapore Airlines’ 22.4 per cent, Etihad at 21.4 per cent, and Richard Branson’s Virgin Group’s 10 per cent.