Sharechat Logo

Air deal takes off

By Graeme Kennedy

Friday 16th June 2000

Text too small?
Air New Zealand hopes to complete its 100% acquisition of Ansett Australia by the end of this month following approvals from the Australian Foreign Investment Review Board this week.

Managing director Jim McCrea said conditions attached to the approvals did not affect the terms of the deal and both companies would now move rapidly toward full settlement. New group executive appointments would be made next month. Air New Zealand bought half of Ansett four years ago and announced its bid for the other 50% from News Corp in February. Teams have been working on integration to a single business group operating under their own brands.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

June 27th Morning Report
SDL - FY2026 Earnings Guidance
PaySauce Director resigns for US-based role with NZTE
General Capital Releases 2025 Annual Report
June 26th Morning Report
Devon Funds Morning Note - 25 June 2025
June 25th Morning Report
NWF - NZ Windfarms shareholders approve Meridian acquisition
GMT - GMT and GMT Bond Issuer Limited 2025 Annual Report
VSL - Vulcan extends its banking arrangement