Article from bizjournals.com: South Pacific 'open skies' agreement nears

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Hello from bizjournals.com! David Mueller (davidm@smail.info) thought you
might like the following article from Pacific Business News:


South Pacific 'open skies' agreement nears

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   Air New Zealand and Australia's dominant airline Qantas have decided
   they both can benefit from an Australia-New Zealand agreement to let
   either carrier serve any market in the other's home country.

   The governments of the two countries are said to be close to approving a
   treaty that clears such amicable competition for takeoff. Tentative
   agreement has been announced jointly this month by the two nations.

   Air Transport World quotes the transport minister of New Zealand, Judith
   Tizzard, as saying the agreement will allow either carrier to operate as
   many flights as desired "over any routing they choose."

   Qantas is currently negotiating for a minority stake — the figure 25
   percent, while widely reported, is not confirmed – in Air New Zealand,
   which is mostly owned by the New Zealand government as a result of its
   recent bailout.

   Airline industry analysts say the practical effect, regardless of
   whether Qantas takes a stake in Air New Zealand, will be to strengthen
   both airlines against Singapore Air and Virgin Blue.

   Air New Zealand and Qantas both have regular scheduled service from
   their home countries to Hawaii.



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You can view this article on the web at:
http://pacific.bizjournals.com/pacific/stories/2002/08/12/daily33.html

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