Virgin Australia's largest shareholder Air New Zealand considering exit
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VIRGIN Australia Holdings' largest shareholder said it's considering exiting the airline, days after the Australian carrier tapped its biggest investors for fresh funds.
Air New Zealand, which owns a 25.89-per cent stake in Virgin Australia worth about A$343 million (S$356 million) as at Tuesday's closing price, said it will sell some or all of its shares, according to a statement to the stock exchange on Wednesday.
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