ANZ buying VB stake?
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ANZ buying VB stake?
Interesting
Air NZ considers buying into Virgin Blue
Air NZ considers buying into Virgin Blue
Last edited by ferris; 15th Jul 2010 at 17:10.
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Mods, think this thread can be closed. Once again our media speculate too deeply, too soon.
http://www.asx.com.au/asxpdf/2010071...5vwlcbrqp6.pdf
http://www.asx.com.au/asxpdf/2010071...5vwlcbrqp6.pdf
Anz >>virgin
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Smells Of Ansett
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...
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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.
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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? 
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......
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......
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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...
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No further comment
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?
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paint change
http://www.airliners.net/phot...8Q8/0255507/M/
http://www.airliners.net/phot...8Q8/0255507/M/
Air New Zealand denies buying into Virgin Blue
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
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
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Some posters here know whats going on and some ......... dont!
Air NZ's Virgin Blue stake falls foul of Aussie rules
2:15 PM Monday Feb 21, 2011
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.
2:15 PM Monday Feb 21, 2011
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.
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Capacity to Christchurch falls in Air NZ-Virgin alliance
4:25 PM Monday May 16, 2011
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
4:25 PM Monday May 16, 2011
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
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bit more of the same
Air NZ-Virgin Airline alliance sets new course
5:30 AM Tuesday May 17, 2011
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.
5:30 AM Tuesday May 17, 2011
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.
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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.
Anyone seen the flying allocation, AirNZ doing all the CNS flying.
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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.
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.