Airline News

Air New Zealand has hit a novel bit of turbulence in its plans to update and expand its ageing fleet of Boeing aircraft.

The company is having to go direct to its shareholders to gain support to buy just over $4.5 billion worth of new wide-body long-haul jets, as the size of the deal is much bigger than those that would normally require just boardroom approval.

smh.com.au

Labels: Air New Zealand, shareholders

The consortium pursuing an $11.1 billion takeover of Qantas has said it will try to keep the deal alive after receiving a late acceptance from a major shareholder.

theage.com.au

Labels: Qantas, shareholders, takeover

Qantas shareholders are deserting the $11.1 billion takeover bid, with acceptances for the $5.45 per share offer dropping from 27.8 per cent to 25.5 per cent.

theage.com.au

Labels: Qantas, shareholders, takeover