{"id":932,"date":"2011-01-21T10:00:00","date_gmt":"2011-01-21T10:00:00","guid":{"rendered":"http:\/\/www.onetravel.com\/travel-trends\/air-new-zealand-buys-stake-in-virgin-blue\/"},"modified":"2021-07-22T08:22:39","modified_gmt":"2021-07-22T12:22:39","slug":"air-new-zealand-buys-stake-in-virgin-blue","status":"publish","type":"post","link":"https:\/\/www.onetravel.com\/going-places\/air-new-zealand-buys-stake-in-virgin-blue\/","title":{"rendered":"Air New Zealand Buys Stake in Virgin Blue"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" title=\"Air New Zealand said the deal is a part of its plan to grow business in Austrailia (Image: Wikimedia)\" src=\"\/going-places\/wp-content\/uploads\/files\/2011\/1\/Air_new_zealand_747-400.jpg\" alt=\"Air New Zealand said the deal is a part of its plan to grow business in Austrailia (Image: Wikimedia)\" width=\"358\" height=\"288\" \/><\/p>\n<p><a href=\"https:\/\/www.onetravel.com\/airlines\/air-new-zealand-nz\">Air New Zealand<\/a> recently purchased shares of Australian airline Virgin Blue.<\/p>\n<p>&nbsp;<\/p>\n<p>The carrier is denying any interest in a full takeover, however.<\/p>\n<p>&nbsp;<\/p>\n<p>The purchase means that Air New Zealand now holds 14.99 percent interest in the company.<\/p>\n<p>&nbsp;<\/p>\n<p>Chief Executive Robert Frye said the agreement is part of Air New Zealand\u2019s continuing strategy to cultivate new business in <a href=\"https:\/\/www.onetravel.com\/cheap-flights\/australia-au-deals\">Australia<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cThe investment provides us with an interest in the number two airline in Australia and, through this, access to the opportunities in the growing Australian domestic market,\u201d said Fyfe.<\/p>\n<p>&nbsp;<\/p>\n<p>The deal was worth an estimated $145 million.<\/p>\n<p>&nbsp;<\/p>\n<p><em>Source: <a href=\"http:\/\/www.breakingtravelnews.com\/news\/article\/air-new-zealand-takes-stake-in-virgin-blue\/\" target=\"_blank\" rel=\"nofollow noopener\"> BTN <\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Air New Zealand recently purchased shares of Australian airline Virgin Blue. &nbsp; The carrier is denying any interest in a full takeover, however. &nbsp; The purchase means that Air New Zealand now holds 14.99 percent interest in the company. &nbsp; Chief Executive Robert Frye said the agreement is part of Air New Zealand\u2019s continuing strategy [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[],"class_list":["post-932","post","type-post","status-publish","format-standard","hentry","category-featured"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.onetravel.com\/going-places\/wp-json\/wp\/v2\/posts\/932","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.onetravel.com\/going-places\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.onetravel.com\/going-places\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.onetravel.com\/going-places\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.onetravel.com\/going-places\/wp-json\/wp\/v2\/comments?post=932"}],"version-history":[{"count":3,"href":"https:\/\/www.onetravel.com\/going-places\/wp-json\/wp\/v2\/posts\/932\/revisions"}],"predecessor-version":[{"id":98907977,"href":"https:\/\/www.onetravel.com\/going-places\/wp-json\/wp\/v2\/posts\/932\/revisions\/98907977"}],"wp:attachment":[{"href":"https:\/\/www.onetravel.com\/going-places\/wp-json\/wp\/v2\/media?parent=932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.onetravel.com\/going-places\/wp-json\/wp\/v2\/categories?post=932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.onetravel.com\/going-places\/wp-json\/wp\/v2\/tags?post=932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}