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Qantas acquires part of Air New Zealand

Wellington, New Zealand - The agreement after one year of negotiation

It has been issued today, a combined official notice of the two airlines, the news of the acquisition by part of the Qantas of the 22,5% of the Air New Zealand. The transaction, that has been carried after approximately a year of dealings, was settled with the offer of the Australian carrier of USD 272m and will be controlled by the Air New Zealand. Pleased the Air New Zealand chairman John Palmer...

AVIONEWS - World Aeronautical Press Agency - 36346
Rome, Italy, 11/25/2002 16:56
AVIONEWS - World Aeronautical Press Agency

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