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ferris
15th Jul 2010, 16:59
Interesting
Air NZ considers buying into Virgin Blue (http://www.theage.com.au/business/air-nz-considers-buying-into-virgin-blue-20100715-10cso.html)

Sunstar320
15th Jul 2010, 22:15
Assuming they will then dump Pacific Blue on domestic and use ANZ codeshares.

kiwilad
16th Jul 2010, 00:24
Internal memo's of Air NZ would suggest an equity stake is not part of the current proposed alliance.

Skystar320
16th Jul 2010, 00:29
Mods, think this thread can be closed. Once again our media speculate too deeply, too soon.

http://www.asx.com.au/asxpdf/20100716/pdf/31rc5vwlcbrqp6.pdf

KABOY
16th Jul 2010, 05:15
No, when you state:

No further comment

You can bet something is afoot and the media can smell it!

There is no categoric rejection in that statement.

AN1944
16th Jul 2010, 05:21
Smells Of Ansett>>>sorry Just Thinking Of History:=

rescue 1
16th Jul 2010, 09:03
Smells Of Ansett

Yes lot of similarities:

1. Unreliable regional jet;
2. Loss making international operation;
3. High debt levels; and
4. Air New Zealand offers to buy out!
:)

Next - government bails out Air NZ...

The Bunglerat
16th Jul 2010, 18:32
Rescue1, I agree with all your points except the first one: The CRJ200 was never an unreliable jet (certainly not a problem child like the ERJ's have been for VB), it was just a bad choice of aeroplane for what Ansett/Kendell wanted to use it for.

tail wheel
16th Jul 2010, 21:09
Yes Skystar320. Since this thread commenced I was of the opinion it was based on very highly unlikely speculation. One wonders which current investor started the speculation to push up the share price above $0.32 and sell out? :confused:

An ANZ - VBA commercial alliance makes sense, but unless Kiwi memories are very short I think it will be sometime before ANZ again invests in an Australian domestic airline.

And we're not going to thread drift into the history of ANZ's last investment in an Australian airline...... :ugh:

geeup
16th Jul 2010, 21:37
Why is VBA share price holding steady then and not on the increase?

KittyBlue
16th Jul 2010, 22:12
No buy in going to happen because a company on the ASX and NZSX that are rules that disclosure is requried. If they dont follow those rules they would be in big doo doo! No disclosure no financial changes...

cavemanzk
18th Jul 2010, 23:44
No further comment This is AirNZ's favorite way of saying YES. Pretty much every time they have used this comment, what the media said turned out to be true!

Everything seems to be adding up lately, pointing to an NZ take over of DJ!

I'm keen to know why there has been a Virgin Blue painted 738 sitting in the Auckland Hangers for the last few weeks, when they usally get serviced in CHC?

bowing
18th Jul 2010, 23:54
http://http://www.airliners.net/photo/Polynesian-Airlines/Boeing-737-8Q8/0255507/M/


you reckon???:sad:

cavemanzk
19th Jul 2010, 00:30
paint change
http://www.airliners.net/phot...8Q8/0255507/M/ (http://http//www.airliners.net/photo/Polynesian-Airlines/Boeing-737-8Q8/0255507/M/)

Um? that 738 went to El Al Israel Airlines (http://www.airliners.net/search/photo.search?airlinesearch=El%20Al%20Israel%20Airlines&distinct_entry=true)

Going Boeing
19th Jul 2010, 03:42
WELLINGTON, July 16, 2010 (AFP) - Air New Zealand denied Friday that it has bought into Australia-based Virgin Blue but in a statement to the New Zealand Stock Exchange it did not rule out doing so in future.

The New Zealand flag carrier and the Australian budget airline are awaiting regulatory approval for plans to form a trans-Tasman alliance.

When the venture was announced in May both said it was not a step towards either airline taking a shareholding in the other, but Australian media reports on Friday claimed Air New Zealand wanted a 15 percent stake in Virgin Blue.

In a statement to the stock exchange, Air New Zealand denied any such share purchase but did not say it would not happen.

"Air New Zealand is conscious that airline alliances such as the one planned with Virgin Blue frequently include an equity aspect, but the proposed alliance does not do so," the statement said.

"The necessary regulatory approvals for the trans-Tasman alliance are still in process and Air New Zealand has had no indication of the outcome of this decision.

"As a listed company... Air New Zealand is conscious of its market disclosure obligations and in the event of any such investment would advise the market in accordance with those obligations."

The airline added it would make no further comment in regard to the speculation.

A report in the Sydney Morning Herald said a strategic stake was seen as giving Air New Zealand a foot in the door for the next wave of consolidation in the aviation industry, which is emerging from one of its worst downturns.

Virgin Blue and Qantas were often seen as likely candidates in the longer term for tie-ups with airlines in the burgeoning Asian market.

When Air New Zealand and Virgin Blue announced plans for an alliance they said it would produce cheaper fares, increased frequency and better connections.

by Park Chan-Kyong (c) 2010 AFP

slamer.
21st Feb 2011, 07:05
Air NZ's Virgin Blue stake falls foul of Aussie rules

2:15 PM Monday Feb 21, 2011


http://media.nzherald.co.nz/webcontent/image/jpg/20119/SCCZEN_A_080108NZHBPAIRPORT1jpg_220x147.JPG (http://www.pprune.org/#)

Air New Zealand will have to dump a small portion of its stake in Virgin Blue Holdings after an independent report found the airline's shareholding breached Australia's foreign ownership rules.
The Brisbane-based airline found Air NZ's A$145 million stake had pushed foreign ownership levels to 49.78 per cent, beyond the statutory 49 per cent cap placed on airlines.
The New Zealand airline, which bought a 14.9 per cent stake to cement its trans-Tasman alliance with the Australian airline and give it additional exposure to Australia's domestic market, has already committed to selling it holdings until ownership ratios fell below the threshold.
Virgin will look at changing its constitution to let it automatically cash out any shares that braeched the cap without the need for a vote.
The changes will be put up for shareholder approval shortly.
The news comes after Australia and New Zealand leaders last week signed off on a deal lifting the threshold that requires official scrutiny when investing across the ditch.
Air NZ shares fell 0.7 per cent to $1.39 on the NZX, while Virgin Blue shares fell 2.5 per cent to 39 Australian cents on the ASX.

slamer.
16th May 2011, 09:22
Capacity to Christchurch falls in Air NZ-Virgin alliance

4:25 PM Monday May 16, 2011


http://media.nzherald.co.nz/webcontent/image/jpg/201121/airnzA320takeoffSI_220x147.jpg


Air New Zealand has fleshed out the detail of a signalled alliance with Virgin Australia which includes a 14 per cent reduction in capacity to Christchurch.
The airlines, which are increasing capacity in and out of Wellington by 3.5 percent, said the reduction in capacity to Christchurch reflected reduced demand because of the earthquakes in the city.
The alliance involves code sharing on Tasman and domestic services, a revenue share agreement and reciprocal loyalty scheme and lounge access arrangements.
Air New Zealand will take over operation of the Auckland-Cairns route and frequency will be matched to projected demand.
Capacity on Air New Zealand Auckland-Adelaide services will increase by 16 per cent, with a daily service in the peak summer months, and Auckland-Perth services will increase to eight times per week, up 4 per cent, over the summer peak.
Pacific Blue will take up Air New Zealand services between Sydney/Melbourne and Dunedin, operating during the December and January peak.

Air New Zealand will assume all Wellington-Sydney flying and Pacific Blue will assume all Brisbane-Wellington flying.
"Regional areas in Australia and New Zealand will also see significant benefits from the alliance, as the two airlines will offer code share flights on each other's domestic services as part of connecting Tasman journeys," Virgin Australia group executive commercial Liz Savage said.
"This will open up regional destinations in both countries like never before, making it easier for regional residents to get across the Tasman and for tourists to access regional destinations in Australia and New Zealand."

- NZPA

slamer.
16th May 2011, 20:33
Air NZ-Virgin Airline alliance sets new course

5:30 AM Tuesday May 17, 2011


http://media.nzherald.co.nz/webcontent/image/jpg/201121/SCCZEN_A_241210HOSJDPLANE12_220x147.JPG (http://www.pprune.org/#)

Air New Zealand and Virgin Australia Airline have formed a new alliance.

Air New Zealand and Virgin Australia Airline's new transtasman alliance will boost capacity this year to Wellington but cut flights to and from Christchurch in the wake of February's earthquake.
The carriers yesterday released plans for a joint transtasman network approved last year by authorities on both sides of the Ditch.
The network will be effective from November with tickets on sale from July, when the code-share starts.
Air New Zealand group general manager for Australasia Bruce Parton said since getting approval in December dedicated teams from both airlines had been working together to optimise the network.
"The changes better match capacity to demand and in many instances this means a greater range of flight times ... as well as better connections to domestic Australia and domestic New Zealand flights," Parton said.
"In addition, as indicated last year, we are actively looking at a couple of potential new transtasman routes which we will likely make a decision on before the end of the year."

Total transtasman capacity into and out of Wellington would increase by 3.5 per cent, while Auckland remained unchanged.
Air New Zealand would operate about 70 per cent of the capacity and Virgin's Pacific Blue airline would account for 30 per cent, which was similar to relative market shares before the alliance.
Capacity changes on some routes to match demand and market conditions included a 16 per cent rise in Air New Zealand Auckland to Adelaide services and a cut of about 14 per cent in transtasman flights in and out of Christchurch to match a reduction in demand as a result of earthquakes, the airlines said.
Virgin Australia group executive for commercial Liz Savage said that with plans for the joint network in place the focus was on the product launch in early July.
"Virgin Australia and Air New Zealand are also committed to growing the market, with plans to grow capacity further from March next year for the northern summer schedule.
"Regional areas in Australia and New Zealand will also see significant benefits from the alliance, as the two airlines will offer code-share flights on each other's domestic services as part of connecting Tasman journeys."
Transport Minister Steven Joyce said last year more sustainable competition, cost savings and the commitment by the airlines to maintain transtasman passenger numbers would be major benefits of the alliance.
Air New Zealand said pricing would be available when tickets went on sale from July.

murdoch_disliker
16th May 2011, 20:52
going to be interesting to see how the flying is distributed bearing in mind (Air)NZALPA has been involved in the process through their pilots council from pre-inception of the idea. PB council has had no input as far as I am aware. Therefore my prediction is that PB will be doing the less favourable pairings ie ADL returns and regional trans-tasman flying with a pre-dawn bus trip at the start.
Anyone seen the flying allocation, AirNZ doing all the CNS flying.

SilverSleuth
16th May 2011, 21:17
PB is just treading water until the plug is pulled. No internal NZ flying. No profit on the tans Tasman flying (under their own admissions.)
The only profit they ever made was the OZ to islands. Now with even more weakened NZ demand and air NZ now owning a stake, the arguement for NZ based crew for VA is getting less and less. :rolleyes:

bowing
18th May 2011, 13:04
So what kind of plan do Air NZ/Virgin OZ have planned for the Pacific islands out of NZ,they are the only two operators servicing the Pacific....poor island bros/sisters gonna properly fork out more money for fares...:E

slamer.
1st Nov 2012, 08:02
Airline's stake shrinks Air NZ's chunk of Virgin Oz

5:30 AM Thursday Nov 1

http://media.nzherald.co.nz/webcontent/image/jpg/201244/SCCZEN_A_101007HOSSPLA3807_220x147.jpg (http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10844205#)

Air New Zealand's stake in Virgin Australia has been diluted following the issue of shares to Singapore Airlines but it is not clear whether this country's carrier will top it up.
As part of a series of deals announced this week, Singapore Airlines took a 10 per cent stake in Virgin following the issue of new shares.
Air New Zealand has 19.99 per cent of the company before the issue of new shares and has the option of buying more shares to retain that stake.
The airline's group general manager Australasia Bruce Parton said: "We've not formed a public view on it yet. Obviously we have the right to."
Air New Zealand built up its shareholding in Virgin Australia last year, partly to gain a presence in the Australian domestic market.
United Arab Emirates airline Etihad has a 10 per cent stake in Virgin which will also be slightly diluted.
As part of an offensive against Qantas, Virgin Australia issued new shares to Singapore Airlines for A$105 million, using most of those funds for a proposed 60 per cent stake in low-cost carrier Tiger Airways to take on Jetstar. It also will buy all of regional carrier Skywest Airlines.
Parton said Air New Zealand regarded the deal as a good one."From an investor perspective we have a lot of confidence."
The Tiger deal is subject to regulatory approval and competition issues have been described by the Australian Competition and Consumer Commission as "very complicated".Virgin Australia chief executive John Borghetti said the deal was part of Virgin's aim of being the airline of choice in every sector of the market. Borghetti said, "Virgin competes with a lower cost base."

slamer.
7th Jun 2013, 04:34
Business as usual: Virgin Aust boss

5:30 AM Friday Jun 7, 2013

Air NZ lifts stake but says it has no intention of taking control of airline

http://media.nzherald.co.nz/webcontent/image/jpg/201323/SCCZEN_A_161012NZRGRAIR15_460x231.jpg


Virgin Australia's boss John Borghetti maintains it's business as usual at the airline, despite Air New Zealand becoming the company's biggest shareholder.
Air New Zealand has increased its stake in Virgin Australia by a further 3 per cent to almost 23 per cent, a move analysts believe will help protect it from aggressive moves by major shareholders Singapore Airlines and Etihad.
New Zealand's state-controlled airline paid about A$72 million ($85.8 million) for the shares, but said it has no intention of taking control of Virgin Australia.
Borghetti said Virgin worked well with its major shareholders and partners.
"I'm still going to work," Borghetti said after a business breakfast in Perth. "Nothing changes for us."
Despite increasing its shareholding, Borghetti acknowledged that Air New Zealand did not have a seat on the Virgin Australia board.
"The relationship is exceptionally good," Borghetti said. "Tomorrow is the same as yesterday."

Australia's creep provision allowed under the takeover provisions of the Corporations Law allows companies to acquire up to 3 per cent of another company every six months.
The Foreign Investment Review Board and Australian Competition and Consumer Commission need to approve the Air New Zealand move before it is finalised.
Air New Zealand said the additional interest affirmed its belief and confidence in Virgin Australia.
"Air New Zealand is not seeking a position on the board of Virgin Australia nor does it have the intention of obtaining control of Virgin Australia," the company said.
Richard Branson's Virgin Group holds a 22.37 per cent stake in Virgin Australia, while Singapore Airlines has a 19.9 per cent interest and Etihad Airways holds around 10 per cent of the company with hopes of doubling its stake.
Fat Prophets senior research analyst Brian Han said given the "aggressive attention" of major Virgin Australia shareholders, Air New Zealand was simply trying to protect its interests.
"At this stage it's a small baby step," Han said.
"The next stage is to get board representation and that may come when the two Virgin Group directors decide to step down."
It appeared the Virgin Group would not be a long-term holder of Virgin Australia stock, meaning that two board seats would become vacant after a further sell-down. Han predicts Virgin Australia will be delisted in the future as the major airlines carve up the company.
Air New Zealand shares closed up 0.5c yesterday at $1.475 on the NZX, while Virgin Australia closed down A1.5c at A44.5c on the ASX.

neville_nobody
7th Jun 2013, 08:04
A way of removing another Trans Tasman and Pacific competitor perhaps?...