Air New Zealand says it is open to a proposal from any foreign airline, including Singapore Airlines (SIA), to invest in the expanding carrier once it has finalised its buy-out of Ansett Australia.
Days after signing to buy 50% of Ansett Australia from News Corp for A$680 million ($430 million) Air New Zealand chairman Selwyn Cushing says the national carrier would welcome an SIA bid for up to 25% equity in the expanding airline group, the maximum foreign holding permitted under New Zealand law.
Source: Flight Daily News
