QAN 2.44% $4.39 qantas airways limited

Air NZ needs QAN

  1. 465 Posts.
    Looks like a deal will go thru eventually.

    From ABC online:

    Air New Zealand to consider Qantas merger
    Air New Zealand has announced an annual loss of just under $300 million and admits it would be foolhardy not to consider a deal with Qantas.

    The collapse of Ansett has hit Air New Zealand's bottom line hard.

    Without the Ansett burden, the airline could have turned a profit of about $30 million.

    But Air New Zealand's chairman, John Palmer, says the company is far from strong and not viable in the long-term.

    Mr Palmer says the airline must consider a partnership with Qantas, although as yet the board has no firm proposal to take to its shareholders.

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