Deals
Branson Says Several Suitors for Virgin Australia Stake
- ‘Number of different parties’ holding talks, Branson says
- Air New Zealand has said it may exit Australian airline
Branson on Talks for Air NZ's Stake in Virgin Australia
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Air New Zealand Ltd.’s stake in Virgin Australia Holdings Ltd. has attracted several potential buyers and talks are under way about a possible deal, said Richard Branson, the billionaire founder of Virgin Group Ltd.
It’s not yet clear whether Virgin Group itself, which owns about 10 percent of Virgin Australia, will increase its stake in Australia’s second-largest airline, Branson said in an interview with Bloomberg Television from Sydney on Thursday.