Air NZ mulls 15% stake in Virgin Blue

[Michael Morrison]

http://www.smh.com.au/business/air-nz-mulls-15-share-of-virgin-blue-20100715-10cno.html


Certainly would be an interesting move.... they both have airlines with personality and a great long haul product.

IMHO it is only a matter before they got closer... with the QF powerhouse, it is difficult for these 2 smaller airlines to be competing with each other.

[Damian N]

Should be worth a few cents to the VB share price today!:)

[Daniel F]

Air NZ have denied the move... for now... http://news.smh.com.au/breaking-news-business/air-nz-denies-buying-virgin-shares-20100716-10d31.html

[Damian N]

They haven't really denied much.....their alliance doesn't involve equity (which we already knew) - but doesnt mean they can't buy equity any way unrelated to the alliance.

I would suspect any aquisition of 15% would be done as new shares and a cash injection into VB rather than buying 15% from existing investors (ie like SRB).

[Mario Facchini]

Is it really a good idea for Air NZ to get involved with an Australian Domestic Airline......................Again???????

[Grahame Hutchison]

Is it really a good idea for Air NZ to get involved with an Australian Domestic Airline......................Again???????

Not if you worked for Ansett !

[Grant Smith]

Where's our resident NZ consultant? :eek:

[Andrew Ewen]

The current Air NZ is very different from the airline of 10 years ago ... and DJ is a long way from being the overstaffed , lets-have-one-of-every-aircraft-in-our-fleet mess which was AN . It could work ... but I have doubts that NZs main shareholder would permit them to try .

[Philip Argy]

The shareholder's thoughts will be Key!

[Mike W]

The shareholder's thoughts will be Key!

Arf arf! :rolleyes: