Automotive company 2 Cheap Cars is looking to sell its stake in Kiwi Regional Airlines.

The car reseller today said it wants to sell its 10.4% holding.

The company initially owned 23% of the airline, but its shareholding was diluted several times during the year as Kiwi Regional Airlines issued more shares.

There are currently four other investors who each individually own various percentages.

Kiwi Regional Airlines was set up by Ewan Wilson in December 2014, after Air New Zealand announced it was abandoning several regional services.