SIA ditches Air NZ stake
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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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LONDON, September 9 (New Ratings) - British Airways (BAI1.FSE) has sold its 18.25% stake in the Australian airline, Qantas, to local and international investors.
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Italian airline Air One, considered the only credible bidder for state-controlled rival Alitalia, said Tuesday it had pulled out of the Italian government&#39;s privatisation process.
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British Airways (BA) said it would sell its 1.1 billion dollar (770 million US) stake in Australia's Qantas in a move seen as likely to fuel a major realignment of airline alliances.
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TUI AG, Europe s largest travel company, scrapped plans to sell part of the Hapag-Lloyd AG shipping unit in an initial public offering, saying it can t fetch a ``fair value for the business currently.
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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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Short haul passengers on Air NZ subsidiary Air Nelson will soon be flying in roomier, more powerful aircraft. Air New Zealand announced today that it will replace its ageing fleet of 33-seat Saab 340As with
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Qantas Airways chief executive Geoff Dixon today said it was time for the airline to move on now its proposed alliance with Air New Zealand had been rejected by the New Zealand High Court.
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Aer Rianta chief executive Margaret Sweeney is to leave the company. A statement from the board of the airports operator said the Department of Transport had failed to give the company clarification on her role ...
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Bank of New Zealand has frozen all accounts held in the name of Access Brokerage, which was yesterday placed in liquidation after a client fund shortfall of around $5 million was discovered.
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Dubai Aerospace Enterprise Thursday abandoned its controversial bid to take a majority stake in New Zealand&#39;s aviation hub, Auckland International Airport.
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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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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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WELLINGTON (Dow Jones)--The Australian Competition Tribunal Tuesday approved plans for a proposed alliance between Air New Zealand Ltd.
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Access Brokerage liquidators said today they had discovered a $5 million shortfall in the share trader&#39;s accounts and the Bank of New Zealand said it has frozen all accounts in the name of Access Brokerage Ltd, including trust accounts.
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SIA initially took a 25 percent stake in Air New Zealand four years ago but lost hundreds of millions of dollars after the New Zealand government was forced to bail out the troubled carrier and take majority ownership in 2001.
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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.