NZ complete their stake in DJ

Air New Zealand have announced this morning that they have completed their 14.9% stake in Virgin Blue, having bought the shares off market overnight.

Air New Zealand, which announced last it night had acquired a stake of at least 5 per cent of Virgin Blue, said this morning that it had bought more shares off-market overnight, raising its stake to 14.9 per cent. Virgin Blue operates as Pacific Blue on the Tasman. 

This completes NZ's interest (to date) in the acquisition of Virgin.

Read the full stuff.co.nz business day story by Hamish Rutherford & Roland Van Den Bergh HERE