20 January 2011

Ansett Revisited - ANZ Buys 14.9 Percent of Virgin Blue

I hate to see history repeating itself. However that seems to be the case here.

Virgin Blue and Air New Zealand jointly announced today that the Kiwi airlines is buying just under 15% of Virgin Blue Group.

This was the same situation that preceded the collapse of Ansett Airlines and nearly brought down the former NZ National Carrier.

Let's hope that the lightening doesn't strike twice.


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