Air New Zealand, Virgin Australia Sale Imminent?

Speculation is mounting that Air New Zealand will sell its 25.9% stake in Virgin Australia by this weekend. Singapore Airlines is the favoured buyer after boosting its Virgin Australia holding from 22.91% to 23.11% last week.

The Australian reports both Air NZ boss Christopher Luxon and John Borghetti, his Virgin counterpart, have cleared their diaries over the days ahead and that a deal is imminent.

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