Kiwi Airline Bids

Air New Zealand said yesterday that it has been approached by several local investors and institutions interested in buying the 30 percent stake in the airline held by Singapore-based Brierley Investments. The surge in interest comes days after a bid by Australian airline Qantas for 49 percent of Air New Zealand. A controlling block of Air New Zealand shares by law is restricted to New Zealand investors.

(Eastday.com.cn 06/07/2001)