Virgin Australia's largest shareholder Air New Zealand considering exit

Sydney

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.