28-Nov-2011 9:20 AM

Minority stake in Air New Zealand to be sold

A 49% stake in Air New Zealand will be sold following the National Party’s win in the New Zealand General Election. State asset sales, including the national carrier, was one of the party’s main election policies in an effort to return New Zealand to a budget surplus by 2015. The New Zealand Government currently owns a 76% stake in Air New Zealand.