I’m not sure what’s in it for NZ though? NZ and QF share pricing power and capacity power across the Tasman - they are both rational competitors- VA before Covid, wasn’t rational throwing all sorts of capacity and pricing into the market. To me it would seem better for NZ to be rid of VA, have QF Interline, and QF and NZ as a three way competitors force VA off the Tasman- they both will want a duopoly that’s sensible. NZ/VA never reached it full fruition and was a mess before Luxon and Borghetti spat, the cultures and systems never integrated as they should have.
Maybe things have changed - but big risk for NZ to take a gamble on VA surviving after divorcing QF. If I was the NZ board I’d say this ain’t the time to be bold, if it ain’t broke don’t fix it - stay with QF.
What's in it for NZ is of course the massive Velocity member base. Even better if the partnership would lead VA to give up trans-Tasman flying alteogther. QF's current arrangement with NZ covers only each other's domestic networks and it won't get them QFF base onto NZ flights. While it probably does benefit some travellers with domestic connections, I can't imagine there is a big market for it. NZ's partnership with QF makes zero sense and should have been a simple interline agreement.
If the NZ/QF partnership makes zero sense it would never have been enacted. For NZ it's much better than the previous deal they had with VA. It won't be ending soon the airlines systems are more aligned with each other and product consistency is more similar between QF and NZ.
If VA did join Star, which is by no means certain or of any great benefit to VA in the short to medium term, NZ really has no alternative but to partner with them given their pax automatically get benefits on each other's airlines. Star would like VA because Australia is a huge hole in their network. It has been an issue since the demise of AN and NZ will never really assist Star because it will never have domestic coverage in Australia.
As far as product consistency is concerned, Trans-Tasman, NZ is closer to JQ than QF except where it operates 787s (ex AKL only) which even then is pretty ordinary compared with QF's widebody product. No one really knows what the new VA product will be like but chances are it will be very similar to NZ's A320s except it will retain a small J class cabin.
717, 721/2, 732/3/4/5/7/8/9, 742/3/4, 752/3, 762/3, 772/E/W, 788/9, 300,310, 319,320/1, 332/3, 359, 388, DC9, DC10, F28, F100, 142,143, E75/90, CR2, D82/3/4, SF3, ATR