Virgin Atlantic
08-12-2003, 07:57
(extract from NZ Herald Business Section)
Virgin Atlantic launches takeover bid for Air New Zealand
"We feel that with a 100% stake in Air New Zealand, we can establish a solid foothold in the South Pacific and through the StarAlliance, challenge Qantas's dominance." Branson was heard saying.
Virgin Atlantic have offered 65c a share for the government's stake in Air New Zealand.
"Air New Zealand was also enable us to use the strength of the NZD to our favour."
Virgin Atlantic launches takeover bid for Air New Zealand
"We feel that with a 100% stake in Air New Zealand, we can establish a solid foothold in the South Pacific and through the StarAlliance, challenge Qantas's dominance." Branson was heard saying.
Virgin Atlantic have offered 65c a share for the government's stake in Air New Zealand.
"Air New Zealand was also enable us to use the strength of the NZD to our favour."