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:
http://www.smh.com.au/business/aviat...gin-australia-20160330-gnu54b.html
""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.
mariner
[Edited 2016-03-30 02:43:30]