News: UPDATE 1-Virgin Australia says China's HNA Aviation to buy major stake, page-15

Thanks Cutloss for the link to the news article from CAPA. I found the following comments very interesting.

"The key questions are whether:
HNA thought Air NZ was asking for too much; Air NZ was not strategically interested in HNA;
or Virgin simply grasped the opportunity to benefit from the cash from HNA rather than letting Air NZ receive it."

"The share dilution as a result of issuing new shares to HNA means that Singapore Airlines and Etihad Airways could not so easily attain majority ownership of Virgin. "