Air of the present day Zealand took a major grade in its planned transtasman affiance in succession Dec.

Air of the present day Zealand took a major grade in its planned transtasman affiance in succession Dec. 31 by providing Qantas with an initial equity footing equating to 4.99% ownership in the carrier for NZ$984 million ($514 million). ANZ mov ahead with the issue following a decision by way of its 82% shareholder, the NZ regulation to provide in-principle clearance to the partnership deal. Qantas eventually will assume up to 225% of ANZ below the terms of their conditional agreement, which faces dose scrutiny from the NZ trade Commission and the Australian Competition and Consumer Commission from one side of to the other ...

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