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.
Air NZ needs QAN
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Last
$6.90 |
Change
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| Open | High | Low | Value | Volume |
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$6.88 |
Change
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