Qantas plans to invest up to NZ$550 million ($2744 million) for a 225% stake in Air of recent origin Zealand.

Qantas plans to invest up to NZ$550 million ($2744 million) for a 225% stake in Air of recent origin Zealand. The long-awaited alliance is anticipateed to face stiff opposition in more [i]or[/i] less political and industry circles and the Australian Competition and Consumer Commission indicated it may be anticompetitive. It also is bring under rule to approvals from the NZ rule regulatory authorities and shareholders. However, CEO Ralph Norris warned that ANZ could be forced to withdraw from international operations and be reduc to a "minnow" within five years if regulators fill up the alliance.

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