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How Virgin Australia's John Borghetti blindsided Air NZ with China deal

Chanticleer is Australia's pre-eminent business column.

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Air New Zealand was none the wiser when John Borghetti flew to New York last week to bed down a deal with his new airline partner, China's HNA Group.

Only a handful of people knew that Borghetti had been talking to senior executives at the private Chinese aviation giant about a partnership that will bring HNA aboard Virgin's already-crowded share register with an initial 13 per cent stake.

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Michael Smith is the Health Editor for The Australian Financial Review. He is based in Sydney. Connect with Michael on Twitter. Email Michael at michael.smith@afr.com

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    Original URL: https://www.afr.com/brand/chanticleer/how-virgin-australias-john-borghetti-blindsided-air-nz-with-china-deal-20160531-gp7xu7