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Article: Qantas Alliance with Air New Zealand.
- Article from:
- M2 Presswire
- Article date:
- November 25, 2002
CopyrightCOPYRIGHT 2002 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-25 November 2002-QANTAS AIRWAYS: Qantas Alliance with Air New Zealand(C)1994-2002 M2 COMMUNICATIONS LTD
RDATE:11252002
Sydney -- Qantas Airways and Air New Zealand have agreed to enter into a wide-ranging strategic alliance.
The alliance will involve Qantas taking a 22.5 per cent cornerstone shareholding in Air New Zealand.
Qantas Chairman Margaret Jackson said the Qantas Board had unanimously approved the agreement and the share transaction.
Ms Jackson said the Board believed the strategic benefits to both airlines would ensure they played major roles in growing the economies of both countries.
"This ...