Timeline for consideration of the Air New Zealand - Qantas proposal

Process and timing of consideration of Air New Zealand proposal

25 November 2002 Government as 82% shareholder receives proposal from Air New Zealand for Qantas to take a stake in Air New Zealand.

Government as Kiwi Shareholder receives an application from Qantas for Qantas to take a stake in Air New Zealand

25 November to mid December 2002 Officials undertake analysis on the ownership and national interest aspects of the proposal.

18 December 2002 Government announces a conditional decision from an ownership/Kiwi Shareholder perspective.

If government gives conditional approvals:

Competition authorities (the Commerce Commission in New Zealand and the ACCC in Australia) continue their consideration of the proposal and announce decisions.

If competition authorities approve the proposal:

Cabinet announces final decision from an ownership/Kiwi Shareholder's perspective.

Air New Zealand shareholders' meeting.

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