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

 


Air NZ, Singapore Airlines codeshare gets Singapore tick

Air NZ, Singapore Airlines codeshare gets Singapore regulator tick

By Suze Metherell

May 22 (BusinessDesk) – The proposed codeshare between Air New Zealand and Singapore Airlines has been given the all clear from Competition Commission Singapore, meaning the accord is now subject only to sign-off from New Zealand’s transport minister.

The commission found that any regulatory concerns were outweighed by the economic benefit, Air New Zealand said in a statement. The deal between the two state controlled airlines could start as soon as December once New Zealand transport minister Gerry Brownlee gives approval.

The Auckland-based airline and the Asian carrier plan to boost capacity between New Zealand and Singapore by 30 percent with the tie-up, which will see Air New Zealand return to the Asian city state for the first time since 2006, Air NZ said. The airline will take over five flights currently operated by Singapore Airlines, which will maintain its daily Singapore-Christchurch service as part of the deal.

Last month Jetstar, the discount unit of Australian airline Qantas Airways, announced it was abandoning the Auckland-Singapore route after trimming flights to three times a week 18 months ago amid falling demand.

Air New Zealand and Singapore Airlines are both major shareholders in Australia’s Virgin Airlines, along with fellow Air NZ partner Etihad Airways.

Singapore Airline passengers will be able to travel across Air New Zealand domestic and some international routes, while customers with Air New Zealand will have access to similar codeshare travel across Singapore Airline’s South East Asia, UK, Europe and Africa networks.

Air NZ stock last traded at $2.07 and have surged 26 percent this year.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Season Ends: Is Whitebaiting Sustainable?

The whitebait fry - considered a delicacy by many - are the juveniles of five species of galaxiid, four of which are considered threatened or declining. The SMC asked freshwater experts for their views on the sustainability of the whitebait fishery and whether we're doing enough to monitor the five species of galaxiid that make up whitebait. More>>

ALSO:

Crown Accounts: Smaller-Than-Expected Four-Month Deficit

The New Zealand government's accounts recorded a smaller-than-forecast deficit in the first four months of the fiscal year on a higher-than-expected inflow of corporate and goods and services tax. More>>

ALSO:

On For Christmas: KiwiRail Ferries Back In Full Operation After Quake

KiwiRail’s Interislander ferries are back in full operation for the first time since the Kaikoura earthquake, with the railspan that allows rail wagons to be loaded on the Aratere now restored. More>>

ALSO:

Comerce Commission Investigation: Prosecutions Over Steel Mesh Labelling

Steel & Tube Holdings, along with two other companies, will be prosecuted by the Commerce Commission following the regulator's investigation into seismic steel mesh, while Fletcher Building's steel division has been given a warning. More>>

ALSO:

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Women's Affairs: Government Accepts Recommendations On Pay Equity

The Government will update the Equal Pay Act and amend the Employment Relations Act to implement recommendations of the Joint Working Group on Pay Equity. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news