Air New Zealand is selling its aircraft interior design company to a British company for an undisclosed sum, it says.
The airline is selling Altitude Aerospace Interiors to AIM Aviation, an airline interiors design, engineering and manufacturing company owned by a private equity firm, TowerBrook Capital Partners.
Air New Zealand said Altitude was established in 2008 and it designed, engineered and supplied customised airline cabin interiors for commercial airlines and VIP Boeing Business Jets. It employed about 100 staff.
Altitude Interiors had had some involvement in the development of Air New Zealand's much-touted Skycouch and Spaceseat products, along with other parties, the airline said.
However, it was not responsible for this process and did not own the designs, it said.