Qantas, Air NZ look at other cooperation
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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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Australia's competition regulator said on Friday it has started a review into an $8.7 billion buyout offer for Qantas Airways Ltd.  from a group led by Macquarie Bank Ltd.  and private equity firm Texas Pacific Group.
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Australia&#39;s main airline carrier, Qantas, says it won&#39;t appeal the New Zealand High Court&#39;s rejection of a proposed alliance with Air New Zealand.
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Shares in Air New Zealand were placed in a trading halt before NZX opened this morning. 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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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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Air New Zealand will increase services to Western Australia, operating daily direct services between Auckland and Perth during the Australian summer.
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MARK COLVIN: Qantas might have posted yet another record profit, but the national carrier&#39;s boss, Geoff Dixon, claims earnings are being hampered by unfair subsidies for international carriers allowed to fly in and out of Australia.
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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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SYDNEY: Australia&#39;s flagship carrier, Qantas, said yesterday it is talking with Singapore Airlines on ways to cut costs as both prepare to roll out the colossal A380 jet.
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SYDNEY: Australian flag-carrier Qantas said it was disappointed a proposed alliance with Air New Zealand (ANZ) had been rejected by New Zealand&#39;s high court but ruled out appealing decision.
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WELLINGTON: National carrier Air New Zealand said yesterday the Australian Competition Tribunal has approved a proposed alliance with Qantas Airways Ltd, despite its rejection in New Zealand.
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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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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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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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New Zealand&#39;s High Court ruled on Monday against allowing national flag carrier Air New Zealand to form an alliance with Australia&#39;s Qantas, but the rivals said they would still look for ways to co-operate.
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Air New Zealand is likely to join other major airlines operating out of the region in raising its passenger fuel surcharge as oil prices continue to spike, its managing director and chief executive said Monday.
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Air passengers are set to pay for record oil prices as airlines move to increase ticket prices. Qantas said yesterday it would increase the fuel surcharge it includes in the cost of tickets and Air New Zealand is expected to follow.