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Airline News


Wednesday, September 12, 2007

Air NZ must ask shareholders

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.

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Saturday, May 05, 2007

Qantas board in emergency meeting

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.

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Monday, April 30, 2007

Investors walk from Qantas bid

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.

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