Correct, until a couple of years ago, VA was pretty much owner by Air New Zealand, Singapore Airlines and Etihad each having about 22%. Richard Branson's Virgin

Correct, until a couple of years ago, VA was pretty much owner by Air New Zealand, Singapore Airlines and Etihad each having about 22%. Richard Branson's Virgin Group had less than 10% and the rest was publicly held by mostly retail investors. Then Air NZ sold their shares to a Chinese consortium.