Forum Archive Index - May 2001

["hugh webber" <hugh.webber@clear.net.nz>]

Air N Z is already majority owned overseas - BIL is an overseas
company mostly owned overseas and there has been a flimsy
device whereby an NZ domiciled subsidiary holds the Air N Z
shares. Anyone overseas could get them via the international landing
rights anytime they wanted to.
Nevertheless my prediction is the Qantas takeover bid won't fly on
regulatory/competition grounds. Its a boondoggle dreamt up by
some merchant banker/brokerage touting for business and Qantas
can't lose. Either they get everything or a good chunk or at the least
they majorly disrupt a major competitor.
Interesting that Cushing has stepped aside from both posts - I wonder
if he'll come back....

----------
> From: Matthew Van Veen <mattvanveen@hotmail.com>
> To: sharechat@sharechat.co.nz
> Subject: Re: [sharechat] Qantas moves on AIR
> Date: Tuesday, 29 May 2001 20:19
> 
> Peter
> 
> Quire ironic this news came out after you posted a message this morning 
> stating
> "surely some good has to come to them soon".
> 
> Well I don't know whether this is the good to come - although not a
current 
> AIR shareholder, I personally would be against anymove by a foreign
airline 
> to take a majority stake in Air New Zealand. If you were writing a book
on 
> the whole saga thats occurred in the last 12 months you would be busy 
> writing a new chapter every day.
> 
> Will be interesting to see what unfolds.
> 
> Matt
> 
> 
> >From: "Peter Maiden" <pmaiden@xtra.co.nz>
> >Reply-To: sharechat@sharechat.co.nz
> >To: <sharechat@sharechat.co.nz>
> >Subject: [sharechat] Qantas moves on AIR
> >Date: Tue, 29 May 2001 11:40:15 +1200
> >
> >Breaking news - CNBC
> >
> >Cushing to stand down
> >
> >Qantas to take stake in AIR - possibly from BIL
> >
> >How does this fit into this intriguing game that is unfolding?
> >
> >Cheers
> >
> >Peter
> 
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> 
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