Air NZ fears for future after Qantas bid fails
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AIR New Zealand today claimed it faced an uncertain future after the countryâs High Court threw out plans for a tie-up with Qantas, its Australian-based rival.
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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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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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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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AustraliaÂs national carrier, Qantas, said that it had been approached by Macquarie Bank and the Texas Pacific Group amid speculation of a takeover.
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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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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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Kuwait Airways' $3bn order for 19 planes from Aviation Lease and Finance Co fails to get government approval.
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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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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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Qantas will discuss getting compensation from Boeing after the delivery of its Dreamliner is delayed again.
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Australian airline Qantas rejects a controversial $8.6bn takeover deal led by Australian bank Macquarie.
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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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Qantas Airways Ltd. , Australia's top airline, is expected to announce a takeover offer of around A$10.9 billion (US$8.55 billion) from a consortium led by Macquarie Bank Ltd.  this week, possibly as early as Wednesday, sources said.
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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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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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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