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

 


Air NZ Recommits To Pressing Case For Alliance


Air New Zealand is disappointed but not surprised at the negative views issued by the New Zealand Commerce Commission and the Australian Competition and Consumer Commission. Air New Zealand remains totally convinced that the Alliance is the best means by which we will continue to be a successful, independent, New Zealand owned international airline committed to serving the wider interests of New Zealand.

The negative impacts on airlines from the war in Iraq and the SARS virus are a timely reminder that the airline industry worldwide is in a fragile state and continually susceptible to major influences of world events. The decision by Air Canada to seek bankruptcy protection only last week and statements by Lufthansa and Cathay Pacific in the last 24 hours on the financial crises they face are a further reminder of the reality of the international airline business.

The progress Air New Zealand has made under the direction of a new Board and Management team is very encouraging, but is not a sufficient basis for a sustainable, successful international airline.

We are certainly surprised by the initial views of the Commissions in regard to the competitive landscape and the very real threats associated with that. We are also surprised by the negative views of the potential tourism benefits flowing from the Alliance.

Our initial reaction is that the issues raised by the Commissions are not insurmountable.

We will now engage with both Commissions addressing their specific concerns.

We have always accepted that achieving this bold initiative would take time, extended discussion and a substantial amount of work before our position on major issues is fully understood.

We remain confident that final regulatory approval is achievable, and will continue to press our case with the Commissions to secure a sustainable future for our national carrier.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

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>>

Earlier:

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>>

ALSO:

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>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news