Qantas, Air NZ alliance is dead
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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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Air New Zealand Ltd., the country&#39;s biggest airline, agreed to spend as much as $716 million on aircraft from Bombardier Inc. to replace the fleet of its domestic Air Nelson unit.
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Qantas Airways Ltd. ,  Australia's top airline, is expected to announce a takeover  offer of around A$10.9 billion (US$8.55 billion) from a  consortium led by Macquarie Bank Ltd.  this week,  possibly as early as Wednesday, sources said.
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Australia's Qantas Airways Ltd.   rejected on Wednesday a conditional A$10.9 billion  ($8.6 billion) buyout offer led by Macquarie Bank Ltd.   and private equity firm Texas Pacific Group .
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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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AN Australian tribunal today gave the green light to a proposed alliance between Qantas Airways Ltd and Air New Zealand Ltd, even though the airlines are no longer able to pursue the tie-up the way they had planned.
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Air New Zealand, a Star Alliance partner, has signed a contract to acquire 17 Bombardier Q300 50-seat turboprop aircraft. In addition to this firm order, the contract includes options on an additional 10 Q300 and 13 Bombardier Q400 70-seat aircraft.
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A British couple died yesterday when the light plane they were travelling in crashed while taking off from one of Australia&#39;s most exclusive wilderness resorts.
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Australian flag-carrier Qantas said it was disappointed a proposed alliance with Air New Zealand had been rejected by New Zealand's High Court but ruled out appealing the decision.
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Air New Zealand was left with the New Zealand Government as its only substantial shareholder yesterday after Singapore Airlines sold its remaining 6.3 per cent stake in the Kiwi carrier for $NZ61.
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A planned tie-up between Australia&#39;s Qantas and Air New Zealand has been thrown out by New Zealand&#39;s High Court. The decision ends a two-year effort by the airlines to fight off low-cost carriers by combining forces.
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Macquarie Bank Ltd.  and private  equity firm Texas Pacific Group  are leading a plan to  buy out Qantas Airways Ltd. , Australia's top airline  said on Wednesday, sending its shares up 21 percent.
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Air New Zealand said on Tuesday the Australian Competition Tribunal had approved a proposed alliance with Australia&#39;s Qantas, despite its rejection in New Zealand.
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Qantas has decided that it will not appeal against a New Zealand High Court decision stopping it from forming an alliance with Air New Zealand.
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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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Australia's Qantas Airways   said on Thursday it has accepted an A$11.1 billion ($8.7  billion) revised buyout offer led by Macquarie Bank Ltd.   and private equity firm Texas Pacific Group at A$5.60  a share.
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SYDNEY, Australia -- Australian authorities Tuesday approved a proposed alliance between Qantas and Air New Zealand - but the decision came too late for the airlines as the New Zealand High Court last month rejected the tie-up.