Air NZ mulls 15% stake in Virgin Blue

Michael Morrison · #1 16th July 2010, 01:38 AM

http://www.smh.com.au/business/air-n...715-10cno.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 · #2 16th July 2010, 07:43 AM

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

Daniel F · #3 16th July 2010, 09:24 AM

Air NZ have denied the move... for now... http://news.smh.com.au/breaking-news...716-10d31.html

Damian N · #4 16th July 2010, 12:27 PM

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 · #5 17th July 2010, 08:41 PM

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

Grahame Hutchison · #6 18th July 2010, 07:50 AM

Quote:

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 · #7 18th July 2010, 07:54 AM

Where's our resident NZ consultant?

Andrew Ewen · #8 18th July 2010, 09:21 AM

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 · #9 18th July 2010, 03:12 PM

The shareholder's thoughts will be Key!

Mike W · #10 21st July 2010, 05:50 PM

Quote:

Originally Posted by Philip Argy

The shareholder's thoughts will be Key!

Arf arf!