|Quoting kiwiandrew (Reply 147):|
NZ are in a real bind... they can't afford to get caught in another AN disaster, but they need the Australian market - and without a domestic partner within AU to bring a frequent flyer base they risk losing share not just on the Tasman, but on a substantial portion of their international network - it is highly unlikely they could maintain their growth to/from the Americas ( or even their current level of services) without AU feed.
The airline wants to sell its shareholding (or part of it) in Virgin Australia, it isn't ending the alliance. As Mr. Luxon said today:
""We look forward to continuing our partnership on the Tasman alliance, providing customers of both airlines with the most comprehensive trans-Tasman network," Mr Luxon said."
|Quoting Planesmart (Reply 149):|
Did NZ actually make their share of the loan?
I believe so, but the article linked above raises an interesting question:
"Sources said the stake could be hard to get away to a new investor as it is expected the purchaser of the stake will have to pick up Air New Zealand's portion of the loan."
I don't see why that's true. The loan is only for a year and I don't know of any reason why Air NZ should not continue to carry it.
However, the following is true:
"Any new purchaser would also be expected to participate in future equity raisings by the company, which is desperately looking to reduce its gearing. "
What also seems also to be true is that Air NZ will take a haircut on their investment, unless they can find a sucker to pay them more than 45 cents plus.
[Edited 2016-03-30 02:43:30]