AIR New Zealand's decision to offload its stake in Virgin Australia cost the carrier NZ$86 million, with the figure detailed by chairman Tony Carter at the Air NZ annual general meeting today.
The impact was recorded under the "other significant items" section of the airline's financial results - along with NZ$57 million relating to the settlement of a long-standing legal claim in the USA in connection with allegations of collusion over the price of cargo surcharges.
Air NZ has never ...
The above snippet is the first part of an article sent to subscribers in Travel Daily's issue from 30 Sep 16
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