Air deal takes off

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.

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June 25th Morning Report