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China's HNA Aviation to buy Virgin Australia stake; Air NZ plans to sell out

Wednesday, June 1, 2016 - 05:50

Mr Borghetti: "This is a strategically important alliance."


VIRGIN Australia on Tuesday said China's HNA Aviation will buy a major stake, giving a vital cash injection and greater access to the surging Chinese tourism market just as top shareholder Air New Zealand plans to sell out.

The proposed deal will see HNA Aviation, the

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