AIRLINES – NEW ZEALAND

Virgin-Air NZ divorce could trigger bid

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Original article by Michael Smith
The Australian Financial Review – Page: 1 & 8 : 31-Mar-16

Air New Zealand has indicated that it may divest its 25.9 per cent stake in Virgin Australia Holdings to provide capital for its own growth strategy. Ailevon Pacific Aviation Consulting’s Oliver Lamb says there has been speculation in the aviation industry as to which of Virgin’s three largest shareholders would sell out first. Virgin shares closed at $A0.34 on 30 March 2016, valuing Air NZ’s stake at about $A310m. Virgin could potentially become a takeover target if Air NZ sells its stake.

CORPORATES
VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, AIR NEW ZEALAND LIMITED – ASX AIZ, AILEVON PACIFIC AVIATION CONSULTING, SINGAPORE AIRLINES LIMITED, ETIHAD AIRWAYS, VIRGIN GROUP LIMITED, QANTAS AIRWAYS LIMITED – ASX QAN, DEUTSCHE BANK AG, ANSETT AUSTRALIA HOLDINGS LIMITED, VIRGIN AMERICA INCORPORATED

Air New Zealand doubles down on Houston route

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Original article by Jamie Freed
The Australian Financial Review – Page: 24 : 22-Jan-16

Air New Zealand will face competition on the New Zealand-US route from mid-2016, when American Airlines and United Airlines commence flights on the route. Meanwhile, Air NZ has reduced its capacity on the Auckland-Los Angeles and Auckland-San Francisco routes in response to strong demand for airfares for its recently launched flights between Auckland and Houston. The carrier will offer five flights on the route each week from March.

CORPORATES
AIR NEW ZEALAND LIMITED – ASX AIZ, AMERICAN AIRLINES INCORPORATED, UNITED AIR LINES INCORPORATED, QANTAS AIRWAYS LIMITED – ASX QAN, MACQUARIE EQUITIES LIMITED, JETSTAR AIRLINES PTY LTD, CHINA EASTERN AIRLINES CORPORATION LIMITED, VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH

Air New Zealand facing renewed threat of trans-Pacific competition

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Original article by Jamie Freed
The Australian Financial Review – Page: 20 : 2-Mar-15

There is speculation that United Airlines and American Airlines may commence services between New Zealand and North America. Air New Zealand has been the sole carrier to offer flights from Auckland to the US and Canada since 2012, when Qantas withdrew from the route. Air New Zealand CEO Christopher Luxon recently indicated that the carrier is ready for competition on the route

CORPORATES
AIR NEW ZEALAND LIMITED – ASX AIZ, QANTAS AIRWAYS LIMITED – ASX QAN, UNITED AIR LINES INCORPORATED, AMERICAN AIRLINES INCORPORATED, AUCKLAND AIRPORT, EXPEDIA AUSTRALIA PTY LTD, QANTAS FREQUENT FLYER LIMITED

Air NZ ‘adamant’ Virgin stays listed

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Original article by Jamie Freed
The Australian Financial Review – Page: 13 & 18 : 14-Jul-14

Air New Zealand (NZ) is Virgin Australia’s largest shareholder, with a 25.99 per cent stake. The carrier, Singapore Airlines, Etihad Airways and Virgin Group have a combined stake of 79.4 per cent in Virgin Australia, but Air NZ CFO Rob McDonald has downplayed speculation that they could seek to privatise the airline. He stresses the importance of maintaining a sharemarket listing, while he has ruled out spinning off Air NZ’s frequent flyer program in the near-term

CORPORATES
VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, AIR NEW ZEALAND LIMITED – ASX AIZ, SINGAPORE AIRLINES LIMITED, ETIHAD AIRWAYS, VIRGIN GROUP LIMITED, QANTAS AIRWAYS LIMITED – ASX QAN, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, MOODY’S INVESTORS SERVICE INCORPORATED