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VA adds Chinese partner

VIRGIN Australia is set to have yet another major foreign carrier shareholder, with a proposed new alliance with China’s HNA group seeing it take a 13% stake in the airline (TD breaking news). HNA will sit alongside Etihad Airways, Singapore Airlines, Air New Zealand and the Virgin Group, all of which will have their existing stakes diluted by the deal. VA ceo John Borghetti told Travel Daily the HNA alliance was a “huge growth story,” giving VA access to Australia’...

The above snippet is the first part of an article sent to subscribers in Travel Daily's issue from 31 May 16

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