New Zealand Court Rejects Air NZ-Qantas Alliance
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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
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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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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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AIR New Zealand and Qantas Airways face the prospect of intensifying competition on its trans-Tasman route from other airlines now that a proposed alliance between the pair has been blocked, according to analysts.
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SYDNEY, Australia -- Australian authorities Tuesday approved a proposed alliance between Qantas and Air New Zealand - but the decision came too late for the airlines as the New Zealand High Court last month rejected the tie-up.
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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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SAN FRANCISCO (CBS.MW) -- AirTran (AAI) said late Thursday it regrets that its flight attendants rejected an agreement negotiated by a private mediator last week.
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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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The High Court has turned down an appeal by Air New Zealand and Qantas over their proposed merger. The airlines had appealed to the court over the Commerce Commission&#39;s earlier decision to decline Qantas&#39;s
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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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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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London&#39;s High Court has backed leisure firm MyTravel&#39;s request to exclude its bondholders from a vote on its restructuring, which they had opposed in a dispute over the terms of a debt-for-equity swap.
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Citing anticompetitive concerns, New Zealand&#39;s High Court rejected on Monday a proposed alliance between the country&#39;s flagship carrier and Australian rival Qantas.
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Australian flag carrier Qantas Airways said it had rejected a multi-billion-dollar takeover bid from a private equity consortium.
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Singapore Airlines, which splashed out $285 million on Air New Zealand shares four years ago, yesterday sold its stake in the national carrier for about $62 million.
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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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A Nigerian high court judge on Wednesday rejected a government bid to order unions to halt a nationwide strike protesting rising fuel prices, allowing the work stoppage in Africa&#39;s biggest crude producer to continue at least one