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 and ward off airlines such as Emirates.
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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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Australia's Qantas Airways Ltd.  rejected a A$10.9 billion ($8.6 billion) buyout offer from a group led by Macquarie Bank Ltd.  and private equity firm Texas Pacific Group , sending its shares down 2.7 percent.
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An aviation analyst believes Air New Zealand and Qantas will amend their bid to form an alliance and work instead on sharing resources.
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Airline Partners Australia (APA), a  consortium bidding for Australia's Qantas Airways ,  said on Friday it would not increase its $8.7 billion buyout  offer for the airline.
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A federal judge on Thursday rejected the government's attempt to block Oracle Corp.'s &#36;7.7 billion takeover bid for rival PeopleSoft Inc., concluding a combination between the business software makers wouldn't throttle competition in a narrow market niche.
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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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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.
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SINGAPORE: Singapore Airlines (SIA) will sell its 6.3 percent stake in Air New Zealand, officially ending its venture in the now government-controlled carrier.
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New Zealand's High Court halts attempts by Qantas and Air New Zealand to work together against low-cost carriers.
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Air New Zealand and Qantas Airways have lost their bid to get their proposed alliance approved in New Zealand. New Zealand&#39;s High Court declined the airlines&#39; appeal against a NZ Commerce Commission decision to block the alliance.
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Air New Zealand was left with the New Zealand Government as its only substantial shareholder yesterday after Singapore Airlines sold its remaining 6.3 per cent stake in the Kiwi carrier for $NZ61.
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Australia's Qantas Airways Ltd.  rejected on Wednesday a A$10.9 billion ($8.6 billion) buyout offer from a group led by Macquarie Bank Ltd.  and private equity firm Texas Pacific Group .
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Singapore Airlines' offer to buy a stake in China Eastern Airlines is rejected by a   shareholders' vote.
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AIR New Zealand&#39;s future is uncertain after the country&#39;s High Court yesterday ended the long awaited nuptials with Qantas.
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New Zealand is considering signing an anti-aggression treaty with south east asian nations despite Australia saying it will not. The Association of South East Asian Nations (Asean) is urging both countries
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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.