Air NZ, Qantas keep alliance dream alive
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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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SINGAPORE (Dow Jones)--Air New Zealand Ltd. (AIR.NZ) is likely to increase its passenger fuel surcharge as oil prices and fuel costs continue to climb, managing director and chief executive Ralph Norris said at a lecture in Singapore Monday.
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AIR New Zealand faces being further squeezed on trans-Tasman fares as a result of the ban on its planned alliance with Qantas. Industry analysts last night dismissed claims that Air NZ and Qantas could still work together using informal ties.
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By Kyodo News International, Tokyo  Dec. 14--SYDNEY -- Australia's Qantas Airways said Thursday it has  accepted a revised A$11.1 billion (about US$8.7 billion) buyout offer by a  consortium led by a local investment bank, a local newspaper reported.
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the Air New Zealand of September 2004 is a vastly different company from the one that feared annihilation by Qantas just two years ago.
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Australian flag carrier and national icon Qantas has accepted an increased 11.1-billion-dollar (8.7 billion US) offer from a private equity group, a day after rejecting a lower bid.
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The decision by an Australian tribunal to approve on appeal a plan by Qantas Airways Ltd and Air New Zealand Ltd to form an alliance had come too late for a deal to go ahead, the airlines said.
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WELLINGTON (Dow Jones)--New Zealand&#39;s Auckland International Airport Ltd. (AIA.NZ) Thursday posted double digit annual profit growth, buoyed by a surge in passenger travel, and said it expects to meet market consensus for the 2005 fiscal year earnings.
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PHOENIX America West Airlines has backed away from a potential bidding war for bankrupt ATA Airlines, paving the way for AirTran to take over ATA operations.
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Air New Zealand and Qantas will try to find new ways of working together to reduce costs, after the High Court upheld a Commerce Commission decision not to allow an alliance between the two.
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The New Zealand High Court has declined an appeal by Air New Zealand and Qantas against the Commerce Commission&#39;s original decision to disallow the two airlines&#39; application to form a strategic alliance.
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AIR New Zealand&#39;s future is uncertain after the country&#39;s High Court yesterday ended the long awaited nuptials with Qantas.
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SYDNEY, Australia -- Australia's Qantas Airways has been approached by Macquarie Bank and private equity firm Texas Pacific Group about a takeover that analysts said Wednesday could be worth almost 11 billion Australian dollars, or $8.5 billion.
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SINGAPORE: Singapore Airlines (SIA) will sell its 6.3 percent stake in Air New Zealand, officially ending its venture in the now government-controlled carrier.
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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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SYDNEY: Qantas Airways Ltd today it would not appeal a New Zealand court decision that knocked back a proposed alliance with Air New Zealand Ltd.
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Australia's competition watchdog recommended that national carrier Qantas should be permitted to maintain a nearly decade-old alliance with British Airways for another five years.