NZ Court Denies Air NZ-Qantas Alliance
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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, 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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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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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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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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Qantas Airways, the Australian carrier, rejected an $8.6 billion takeover bid led by Macquarie Bank of Australia and the American equity firm, the Texas Pacific Group. Qantas said it had received a nonbinding proposal, but that the terms were ânot acceptable.â Qantas confirmed in November that it received a takeover proposal from Macquarie Bank and Texas Pacific.
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A U.S. court on Monday denied a  Qualcomm Inc.  request for a preliminary injunction in  a legal dispute with rival chip maker Broadcom Corp. ,  Broadcom said.
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Aircraft maker Airbus  on Thursday denied a report it was siding with Microsoft  in its anti-trust battle with the European Union.
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MARK COLVIN: After two years of legal battles, it now seems the alliance deal between Air New Zealand and Qantas is well and truly grounded.
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Shares of Air New Zealand Ltd., the country&#39;s largest airline, were halted pending a High Court ruling on plans for an alliance with Australia&#39;s Qantas Airways Ltd.
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WELLINGTON (Dow Jones)--Telecom Corp. (TEL.NZ), New Zealand&#39;s biggest fixed line phone company, has denied its AAPT consumer business in Australia is on the market, the New Zealand Press Association reported.
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Australian travel retailer Flight Center Ltd.  said its planned A$1.62 billion ($1.28 billion) management buy-out did not receive shareholder approval at a meeting on Wednesday.
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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 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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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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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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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.