Original article by Andrew White
The Australian – Page: 19 & 28 : 1-Jun-16

Chinese airline operator HNA Group will pay $A159m for a 13 per cent stake in Virgin Australia Holdings. The placement was priced at $A0.30 per share, and Virgin CEO John Borghetti says the Chinese group is likely to lift its stake to 19.9 per cent. The stakes of Virgin’s major shareholders – Air New Zealand, Singapore Airlines, Etihad and Virgin Group – will be diluted as a result of the placement. HNA’s businesses include Hainan Airlines and Hong Kong Airlines.

CORPORATES
VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, HNA GROUP, AIR NEW ZEALAND LIMITED – ASX AIZ, SINGAPORE AIRLINES LIMITED, ETIHAD AIRWAYS, HAINAN AIRLINES COMPANY LIMITED, HONG KONG AIRLINES LIMITED, WEST ASIA AIRLINES LIMITED, QANTAS AIRWAYS LIMITED – ASX QAN, MACQUARIE WEALTH MANAGEMENT