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Air NZ Considering 15% Stake In Virgin Blue  
User currently offlineANstar From United Kingdom, joined Nov 2003, 5167 posts, RR: 6
Posted (4 years 1 week 6 days 20 hours ago) and read 2789 times:

This would certainly be an interesting move....

http://www.smh.com.au/business/air-n...of-virgin-blue-20100715-10cno.html

Quote:

AIR NEW ZEALAND is believed to be considering taking a cornerstone stake in Virgin Blue to cement its relationship with Australia's second-largest airline.

Aviation industry sources said last night that the government-backed Air New Zealand wanted to buy up to 15 per cent of Virgin Blue, after the airlines appeared to have won indicative support from regulators for their proposed joint venture on services between Australia and New Zealand.

''It is a logical first step from their point of view to put some equity, or hurt money, into the game,'' one said. ''It's always on the cards when you are trying to form an alliance.''


I think in order to compete effectively in the region they do need to be working together against the QF powerhouse.

Both have fantastic long haul products... and are airlines with personality.

[Edited 2010-07-15 08:40:03]

10 replies: All unread, jump to last
 
User currently offlinezkpilot From New Zealand, joined Mar 2006, 4805 posts, RR: 9
Reply 1, posted (4 years 1 week 6 days 12 hours ago) and read 2590 times:

This has been expected for some time. I think it is probably a good idea for NZ and DJ. If they work together it benefits both and if there is equity involved then this only becomes a deeper relationship.


56 types. 38 countries. 24 airlines.
User currently offlineAlitaliaDC10 From Australia, joined Dec 2008, 240 posts, RR: 1
Reply 2, posted (4 years 1 week 6 days 12 hours ago) and read 2586 times:

Maybe Air NZ can do a fantastic job with DJ like they did with Ansett Australia ???  


Orbis non sufficit
User currently offlineglobalflyer From United States of America, joined Dec 2005, 925 posts, RR: 3
Reply 3, posted (4 years 1 week 6 days 12 hours ago) and read 2570 times:

If this happens, does anyone think DJ would then go into Star? I was hoping the Virgin group would go into SkyTeam. Of course SQ has held a large interest in VS and VS is not apart of an alliance. The guessing games begin... gotta love this industry!


Landing on every Continent almost on an annual basis!
User currently offlinezkpilot From New Zealand, joined Mar 2006, 4805 posts, RR: 9
Reply 4, posted (4 years 1 week 6 days 12 hours ago) and read 2567 times:

Quoting AlitaliaDC10 (Reply 2):
Maybe Air NZ can do a fantastic job with DJ like they did with Ansett Australia ???

The difference is that NZ is having to jump through Australian Government hoops this time and that DJ has new planes, low costs, proper management and isn't on its last legs unlike the dog of an airline that Ansett was the last few years of its life.



56 types. 38 countries. 24 airlines.
User currently offlinethefuture From , joined Dec 1969, posts, RR:
Reply 5, posted (4 years 1 week 6 days 12 hours ago) and read 2557 times:

So DJ would become part owned by NZ govt ?

User currently offlinekiwiandrew From New Zealand, joined Jun 2005, 8544 posts, RR: 13
Reply 6, posted (4 years 1 week 6 days 12 hours ago) and read 2557 times:
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Quoting AlitaliaDC10 (Reply 2):
Maybe Air NZ can do a fantastic job with DJ like they did with Ansett Australia ???

This time they would not be dealing with a heavily overstaffed airline with a crazy fleet mix . The current management team at NZ are also completely different from the idiots who failed to do a due diligence on AN before they threw money into it .



Moderation in all things ... including moderation ;-)
User currently offlinethefuture From , joined Dec 1969, posts, RR:
Reply 7, posted (4 years 1 week 6 days 12 hours ago) and read 2554 times:

Quoting kiwiandrew (Reply 6):
Quoting AlitaliaDC10 (Reply 2):
Maybe Air NZ can do a fantastic job with DJ like they did with Ansett Australia ???

This time they would not be dealing with a heavily overstaffed airline with a crazy fleet mix . The current management team at NZ are also completely different from the idiots who failed to do a due diligence on AN before they threw money into it .

but isn't NZ govt major shareholder in NZ still ?


User currently offlinekoruman From , joined Dec 1969, posts, RR:
Reply 8, posted (4 years 1 week 6 days 7 hours ago) and read 2373 times:

I love the way NZ gets the blame for the fact that AN was a basket case!

This is a very sound move, especially if VA is coming under the DJ umbrella. NZ could do with VA's 77W fleet, and VA could do with NZ's 77E fleet.

A combined DJ/NZ would be a significant thread to QF beyond Sydney, however, especially as QF will have a gap in it's fleet between the 333/789 and the 388. I suspect that QF will fight as unscrupulously as it did in 2001, when it blocked SQ's 49% stake in NZ.


User currently onlinekaitak From Ireland, joined Aug 1999, 12408 posts, RR: 37
Reply 9, posted (4 years 1 week 6 days 6 hours ago) and read 2349 times:

ANZ has now formally ruled this out.

User currently offlinekiwiandrew From New Zealand, joined Jun 2005, 8544 posts, RR: 13
Reply 10, posted (4 years 1 week 6 days 6 hours ago) and read 2325 times:
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Quoting kaitak (Reply 9):
ANZ has now formally ruled this out.


Is this a new release ? If so , do you have a link ?

the statement they have on their website currently is a masterpiece of PR ambiguity - as you can see below it says that they have not purchased any shares , it mentions that if they did they would have to get approval from the Aussie Govt and in the event of any such investment they would advise the market in accordance with disclosure obligations . It also said that the proposed alliance did not include an equity aspect ... but at no point does it rule out the possibility of taking a stake or say anything to the effect of "we have no intention of pursuing a stake " - so if you are referring to the same statement I would like you to point out where it formally rules the possibility out .

http://www.airnewzealand.co.nz/press...land-response-to-media-speculation

..Commenting on media speculation, Air New Zealand advises it has not purchased any shares in Virgin Blue.

Any such purchase would require FIRB approval in accordance with the Australian Government Policy on foreign investment due to the substantial ownership of Air New Zealand by the New Zealand Government.

Air New Zealand is conscious that airline alliances such as the one planned with Virgin Blue frequently include an equity aspect, but the proposed alliance does not do so. The necessary regulatory approvals for the trans-Tasman alliance are still in process and Air New Zealand has had no indication of the outcome of this decision. A final decision on the alliance is expected by the end of the year.

As a listed company on ASX and NZX, Air New Zealand is conscious of its market disclosure obligations and in the event of any such investment would advise the market in accordance with those obligations. Air New Zealand will make no further comment in regard to this speculation.



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