Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Ansett To Fully Acquire Hazelton

Melbourne, 21 March/MediaNet International-AsiaNet/--Ansett Australia today announced it had achieved a greater than 90% shareholding in Hazelton Airlines, enabling the airline to exercise compulsary acquisition of all remaining shares.

Payments to shareholders who have previously accepted Ansetts $1.60 per share offer will be made this week. Payment to remaining shareholders will be made in the course of the compulsory acquisition process, within six weeks.

Ansett Air New Zealand Group CEO, Mr Gary Toomey said: We are delighted that we can move to full ownership of Hazelton. Ansett has more than a seven year history as an established Hazelton partner. We are committed to the integrity of regional air services in NSW and to a strengthened Hazelton Airlines.

The acquisition of Hazelton is an important part of the Ansett-Air New Zealand Group's growth strategy to build strong regional networks in both Australia and New Zealand. Regional networks provide seamless connections into Ansett and Air New Zealand's domestic main trunk routes and international services, and also allow us to feed important inbound tourist traffic to and through Australia and New Zealand, Mr Toomey said.

The Ansett Air New Zealand Group has the world's most extensive network to, from and within Australia, New Zealand and the South Pacific Island countries.

Hazelton Airlines has the largest regional network in NSW. In 2000 it carried over 430,000 passengers, generating a total revenue of more than AU$69 million.
The carrier operates in excess of 450 sectors per week, services 19 ports (16 in NSW, two in Queensland and one in Victoria) and employs 280 staff.

The fleet comprises nine SAAB 340s (32-34 seats) and two Metroliners (19 seats).
In New Zealand, the Group's wholly owned subsidiary Eagle Air has recently ordered 16 Beech 1900D turboprop aircraft (19 seats) to operate on New Zealand regional routes. The first aircraft will arrive in June.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news