High court rules against Air NZ-Qantas tie up
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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.
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Shares of Air New Zealand Ltd., the country&#39;s largest airline, were halted pending a High Court ruling on plans for an alliance with Australia&#39;s Qantas Airways Ltd.
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Australia's Qantas Airways Ltd.  reached a deal on Wednesday to be sold to a group led by Macquarie Bank Ltd.  and private equity firm Texas Pacific Group, according to a source familiar with the deal.
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Australian airliner Qantas denied union claims Tuesday that it used prisoners from Singapore&#39;s Changi Prison to clean its aircraft.
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Tie me spotter plane down, sport A Google Australia Day publicity wheeze came down with a bump on Friday when aviation authorities said the firm could not fly a specially chartered plane over Sydney.â¦
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The Australian Competition Tribunal today gave the greenlight to a proposed alliance between the airline and Qantas -- the same tie-up scuttled last month on this side of the Tasman by the High Court.
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Qantas Airways, the Australian carrier, rejected an $8.6 billion takeover bid led by Macquarie Bank of Australia and the American equity firm, the Texas Pacific Group. Qantas said it had received a nonbinding proposal, but that the terms were ânot acceptable.â Qantas confirmed in November that it received a takeover proposal from Macquarie Bank and Texas Pacific.
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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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Aviation industry analysts expect Qantas to head in a different direction now the Air NZ alliance is off. Picture:Reuters. Qantas&#39; plans to take a 22.
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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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Rival trans-Tasman airlines Air New Zealand and Qantas have far from abandoned their dreams of an alliance, despite it failing to clear yet another hurdle.
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Qantas Airways Ltd.&#39;s proposed alliance with Air New Zealand Ltd. was rejected by New Zealand&#39;s High Court, the latest blow in the carriers&#39; two-year attempt to team up to cut costs and ward off airlines such as Emirates.
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Business & money: Â·  Payout comes despite claims of price-fixing Â·  Airline cites 'contractual obligations' for move
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Citing anticompetitive concerns, New Zealand&#39;s High Court rejected on Monday a proposed alliance between the country&#39;s flagship carrier and Australian rival Qantas.
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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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A legal challenge to the way the government's "green" tax on air travel was introduced is thrown out by the High Court.