Air New Zealand Limited
(ASX:AIZ) says that it is considering selling part, or all, of its shareholdings in Virgin Australia Holdings Limited
(ASX:VAH), and has retained First NZ Capital and Credit Suisse to advise on its options.
The NZ airline says that, as a result of this announcement, Christopher Luxon resigned from the board of Virgin Australia at the end of March.
Air New Zealand carried 1.53 million passengers in March, which is an increase of 1.8% compared with the same period last year.
The company says that group-wide yields for the financial year-to-date were down 1.2% on the previous corresponding period, and that Group-wide yields were down 5.3%.
Air New Zealand reported a net profit of $316.87 million at 31 December 2015.
