Brierley Investments - Stmt re Air New Zealand Ltd
28 March 2000 - 7:36PM
UK Regulatory
RNS Number:0227I
Brierley Investments Limited
28 March 2000
AIR NEW ZEALAND LIMITED
Brierley Investments Limited ("BIL") confirms that it has had discussions with
both Singapore Airlines Limited and Qantas Airways Limited with respect to its
stake in Air New Zealand and has also received expressions of interest on its
stake from other parties.
BIL considers that the first priority is to ensure that Air New Zealand
successfully moves to full ownership of Ansett Holdings Limited.
BIL is also of the view that ultimately Air New Zealand would benefit from
having a strategic relationship with another airline through its share register,
but in the meantime it has withdrawn its stake from sale.
MB Horton
Company Secretary
END
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