Court ditches Qantas-Air NZ deal
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New Zealand's High Court halts attempts by Qantas and Air New Zealand to work together against low-cost carriers.
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Air NZ requested its shares be placed on the halt ahead of a High Court announcement on the airline&#39;s proposed tie-up with Qantas.
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US Airways drops its $10bn bid for rival Delta Air Lines after the latter's creditors back the firm's own recovery plan.
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Qantas Airways Ltd and Air New Zealand Ltd have abandoned their proposed alliance in its current form after it was stymied by New Zealand authorities.
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SYDNEY: Australian regulators have lifted objections to a proposed alliance between Qantas Airways and Air New Zealand, although New Zealand authorities remain a stumbling block to the trans-Tasman deal.
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Australia's Qantas Airways  agreed on Thursday to a sweetened $8.7 billion buyout offer from a group led by Macquarie Bank Ltd.  and private equity firm Texas Pacific Group in the world's biggest airline takeover.
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SINGAPORE Airlines has quit its 6.3 per cent shareholding in Air New Zealand, signalling the end of its ambitious plan to use the airline as a platform for expansion into the Australian and New Zealand markets.
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AUCKLAND: National flag carrier Air New Zealand said it had lost a court bid to win approval for an alliance with its Australian competitor Qantas.
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An Ontario court approved Air Canada&#39;s restructuring plan today, while one of Canada&#39;s major banks sold off its debt in the airline.
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WELLINGTON : Trading in Air New Zealand stock resumed, a day after Singapore Airlines (SIA) sold off its 6.3 percent stake in the flag carrier for 61.
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SINGAPORE Airlines is closing the book on an ill-fated and costly bid, starting four years ago, to gain a foothold in the lucrative Australian and New Zealand markets.
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Singapore Airlines will sell its 6.5 percent stake in Air New Zealand, the government-controlled New Zealand airline said Tuesday.
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The European Union&#039;s top court scrapped a controversial EU decision approving the transfer of personal data about European air passengers to US authorities.
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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 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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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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Verizon Wireless has dropped its court challenge against the government's consumer-friendly rules governing an upcoming airwaves auction Â but it's a bit early for supporters of the plan to declare victory.