BA
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Qantas In Talks To Aquire Air New Zealand

Sun Apr 08, 2001 7:54 am

Qantas In Talks To Acquire New Zealand Namesake

Apr 7, 2001

Qantas Australia is in acquisition talks with New Zealand's second-biggest domestic airline, which flies under the Qantas name due to a franchise agreement.

Two years ago the New Zealand Commerce Commission insisted the airline be sold to other parties as a condition of Air New Zealand buying its parent, Ansett Australia.

Qantas New Zealand never recovered after a prolonged pilots' strike last year, which disrupted its timetables for months and led business travelers to switch in large numbers to its main competitor, Air New Zealand.

Qantas Australia told the Australian Stock Exchange on Thursday that it was in discussions to buy the airline.

It did not rule out taking a financial interest in its New Zealand namesake when the airline was rebranded under its name last year.

Qantas is a fierce rival of Air New Zealand on international routes and the domestic carrier would probably link to its external services.

_______________________________________________

Interesting......................

Kind regards,
BA
MHAP http://www.mhap.cjb.net
"Generosity is giving more than you can, and pride is taking less than you need." - Khalil Gibran
 
BA
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RE: Qantas In Talks To Aquire Air New Zealand

Sun Apr 08, 2001 7:56 am

Sorry, mispelled Acquire.
"Generosity is giving more than you can, and pride is taking less than you need." - Khalil Gibran
 
B747-437B
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RE: Qantas In Talks To Aquire Air New Zealand

Sun Apr 08, 2001 8:14 am

As usual BA, you totally missed the entire point.

Air New Zealand is not the carrier being acquired here. Qantas New Zealand is - which is a small domestic NZ carrier franchised by Qantas - formerly called Ansett New Zealand.

Air NZ is owned primarily by the Singapore Airlines group, which is not selling to Qantas or anyone else for that matter. Ansett is also owned by Air New Zealand.

"The A340-300 may boast a long range, but the A340 is underpowered" -- Robert Milton, CEO - Air Canada
 
A330-243
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RE: Qantas In Talks To Aquire Air New Zealand

Sun Apr 08, 2001 8:20 am

Are you sure they are buying Air New Zealand??? The article does not specifically state its ANZ.

Qantas Australia is in acquisition talks with New Zealand's second-biggest domestic airline...

NZ is not biggest domestic airline? They are the national carrier, no?

Me thinks its another airline they may be buying. BA, the topic is misleading!

 
A330-243
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RE: Qantas In Talks To Aquire Air New Zealand

Sun Apr 08, 2001 8:24 am

Oops, I was typing my reply and not aware about the post previous to mine.

Must type faster in future. Sorry.
 
BA
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RE: Qantas In Talks To Aquire Air New Zealand

Sun Apr 08, 2001 8:50 am

AHHH CRAP! Sorry typo folks! Jeeezz I need to get some rest!

Again Qantas is in talks to acquire Qantas New Zealand, NOT Air New Zealand

B747-437B,
You said:
As usual BA, you totally missed the entire point.

It was a typo.

Kind regards.
"Generosity is giving more than you can, and pride is taking less than you need." - Khalil Gibran
 
BA
Topic Author
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Joined: Fri May 19, 2000 11:06 am

RE: Qantas In Talks To Aquire Air New Zealand

Sun Apr 08, 2001 8:51 am

B747-437B,
Did you get the email I sent to you yesterday?
"Generosity is giving more than you can, and pride is taking less than you need." - Khalil Gibran
 
fqtv
Posts: 138
Joined: Mon Oct 02, 2000 9:01 am

RE: Qantas In Talks To Aquire Air New Zealand

Sun Apr 08, 2001 8:52 am

Hi BA

what you meant to say is that Qantas is aquiring Qantas New Zealand (formally Ansett New Zealand). The chances of Qantas aquiring Air New Zealand is about as big as BA aquiring Qantas

Cheers, Fqtv
 
fqtv
Posts: 138
Joined: Mon Oct 02, 2000 9:01 am

RE: Qantas In Talks To Aquire Air New Zealand

Sun Apr 08, 2001 8:54 am

Sorry BA, didn't see your post!
Cheers, Fqtv
 
airnewzealand
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RE: Qantas In Talks To Aquire Air New Zealand

Sun Apr 08, 2001 8:56 am

AirNZ is the biggest carrier in NewZealand and is also the national carrier!!

Cheers
mikey
 
BA
Topic Author
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RE: Qantas In Talks To Aquire Air New Zealand

Sun Apr 08, 2001 8:57 am

No problem Fqtv, I don't know what I was thinking! This is what the weekend does to me.  Smile

Kind regards.
"Generosity is giving more than you can, and pride is taking less than you need." - Khalil Gibran
 
Oz777
Posts: 516
Joined: Sun Jun 25, 2000 9:48 am

RE: Fqtv

Sun Apr 08, 2001 12:08 pm

You wrote ..."the chances of Qantas aquiring Air New Zealand is about as big as BA aquiring Qantas".

Sorry to disillusion you but BA ARE the biggest shareholder in Qantas, and with their board representation, veto over senior appointments, effectively control QF (49% overseas owned).

In fact the BA shareholding in QF is the same as SQ in Air NZ. Yet we talk about SQ "controlling Air NZ, but not BA controlling QF. In fact from my experience and observation, there is far more "control by BA than ever SQ.

Oz777

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