Update 2: Air New Zealand-Qantas Alliance Rejected
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New Zealand&#39;s High Court on Monday rejected as uncompetitive a proposed alliance between the country&#39;s flag carrier and Australian rival Qantas in a deal that Air New Zealand had claimed was critical to its long-term survival.
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Singapore Airlines, which splashed out $285 million on Air New Zealand shares four years ago, yesterday sold its stake in the national carrier for about $62 million.
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The turmoil in the airline industry intensified yesterday when leaders of the pilots union at US Airways rejected the company&#39;s latest plan to cut wages and benefits and a key member of
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SYDNEY, Australia -- Qantas Airways said Thursday it had accepted an $8.64 billion takeover offer from a private equity consortium including Australia's Macquarie Bank and the Texas Pacific Group _ one of the biggest corporate buyouts in Australian history.
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Shares in Qantas dip on worries that opposition from unions and government could block a possible takeover.
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Qantas Airways chief executive Geoff Dixon today said it was time for the airline to move on now its proposed alliance with Air New Zealand had been rejected by the New Zealand High Court.
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Australian travel retailer Flight Center Ltd.  said its planned A$1.62 billion ($1.28 billion) management buy-out did not receive shareholder approval at a meeting on Wednesday.
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U.S. airlines yesterday rejected a government investigator's recommendations aimed at reducing flight delays and the time passengers spend stranded on tarmacs.
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Air New Zealand and Qantas are likely to form a modified alliance after the New Zealand High Court yesterday ruled against the airlines joining together in a formal way.
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AIR New Zealand today claimed it faced an uncertain future after the countryâs High Court threw out plans for a tie-up with Qantas, its Australian-based rival.
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SAN FRANCISCO (CBS.MW) -- AirTran (AAI) said late Thursday it regrets that its flight attendants rejected an agreement negotiated by a private mediator last week.
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A TWO-YEAR battle to convince regulators to accept a proposed alliance between Qantas Airways and Air New Zealand was brought to an end yesterday with the NZ High Court rejecting the tie-up.
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Australian flag carrier Qantas Airways has rejected a 10.9 billion dollar (8.6 billion US) takeover bid from a private equity consortium, sending its shares into a nosedive.
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New Zealand&#39;s High Court on Monday rejected a proposed alliance between the country&#39;s flag carrier and Australian rival airline Qantas.
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Australia's Qantas Airways Ltd.  has rejected a conditional A$10.9 billion ($8.6 billion) buyout offer led by Macquarie Bank Ltd.  and Texas Pacific Group .
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Shares in Air New Zealand were placed in a trading halt before the New Zealand Stock Exchange opened this morning. Air NZ requested its shares be placed on the halt before a High Court announcement on the
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The High Court at Auckland today ruled against the proposed tie-up of Air New Zealand and its Australian competitor Qantas. Air NZ and Qantas were appealing an earlier Commerce Commission ruling that blocked their proposed alliance.