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FAR TO REACH THE AGREEMENT BETWEEN AIR NEW ZEALAND AND SINGAPORE AIRLINES

WELLINGTON, NEW ZEALAND, According to New Zealand finance minister, Michael Cullen, the Singapore Airlines proposal to increase from 25 to 49% its participation in Air New Zealand is not appreciated by the airline's management, which needs 5 NZ$bn to recover its full activity. Also Qantas has offered to buy the Singapore Airlines stake to sell to Ansett, but also this possibility has been negatively...

AVIONEWS - World Aeronautical Press Agency - 16186
Rome, Italy, 08/02/2001 17:47
AVIONEWS - World Aeronautical Press Agency

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