Air NZ Says Australian Regulator Grants Alliance Appeal
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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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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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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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SYDNEY - Singapore Airlines announced on Tuesday the sale of its &quot;non-core&quot; 6.3% stake in Air New Zealand, ending a four-year strategic investment in the now government-owned carrier.
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WELLINGTON : National carrier Air New Zealand will revisit its plans for an alliance with Australia&#39;s Qantas Airways in two or three years, Air New Zealand chief executive Ralph Norris said.
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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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SYDNEY: Australian flag-carrier Qantas said it was disappointed a proposed alliance with Air New Zealand had been rejected by New Zealand&#39;s High Court but ruled out appealing the decision.
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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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Auckland International Airport , operator of New Zealand's main international gateway, rejected a Canadian fund's NZ$1.8 billion ($1.4 billion) offer for up to a 40 percent stake, saying it was too low, would raise debt levels and the fund lacked expertise in running airports.
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New Zealand&#39;s High Court rejected a proposed alliance between Air New Zealand Ltd., the nation&#39;s largest airline, and Australia&#39;s Qantas Airways Ltd.
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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.
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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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In response to escalating fuel prices, Air New Zealand has announced it will increase its fuel surcharge on airfares sold from September 2 onward.
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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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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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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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The consortium trying to buy Australia's Qantas Airways apply to the government for a review of the offer.