Air New Zealand still confident of Virgin Australia stake sale despite HNA deal
""".....Air New Zealand chief executive Christopher Luxon has not backed away from an earlier forecast that his airline could sell all or part of its 25.9 per cent stake in Virgin Australia by June 30 despite the Australian carrier's surprise share placement to China's HNA Aviation. The Kiwi airline last month told investors its board ideally wanted to resolve the Virgin situation by June 30, in a move that could result in Air New Zealand paying a special dividend to its shareholders, the largest of which is the New Zealand government with a 53 per cent stake.
"Nothing has changed for us," Mr Luxon told The Australian Financial Review on the sidelines of the International Air Transport Association annual meeting in Dublin.
"We are right in the middle of the process and obviously have got to follow it through to its logical conclusion. I appreciate there is lots of speculation but there is a big process that is going to play out and there are going to be multiple phases to it and we are just working our way through that really.".....""
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