Air New Zealand has improved the earning conditions for its 1.4 million Airpoints members who will now earn Airpoints Dollars on every regularly available fare. Earning capacity has been improved on all fares except the airline’s last-minute online fares and tickets purchased using Airpoints Dollars. This means higher earning rates on 62 per cent of
The New Zealand government has completed the sale of 20 per cent of its equity in Air New Zealand, raising NZ$365 million from 221 million shares valued at NZ$1.65 a share. Eighty-four per cent of the shares sold by the government were taken up by New Zealand-based investors, with the remainder by overseas institutions including
Qantas has launched an aggressive online petition as it ratchets up its campaign to get the federal government to block Air New Zealand, Etihad Airways and Singapore Airlines taking increased stakes in Virgin Australia via the latter’s $350 million rights issue. The website fairgo4qantas.nationbuilder.com went live on Tuesday morning and uses unprecedentedly strong language in arguing
Forget the corporate rhetoric from Borghetti and Joyce in their latest public exchanges on Virgin’s rampant capital-raising efforts this year, what is becoming clear is that the majority foreign-owned carrier Borghetti leads is staving off a financial cold, writes Julian Green. In the last 12 months, Virgin Australia has raised more than $1 billion in
In the next step of its global expansion campaign, Etihad will enter the European regional market after its acquisition of a 33.3 per cent stake in Swiss carrier Darwin Airline. The carrier, which will be branded as Etihad Regional, will align its network to connect passengers from secondary European markets onto the main networks of
Qantas has launched a loyalty program aimed at small and medium business as part of efforts to shore up marketshare for non-corporate account business travel. Dubbed Aquire, the new stand-alone program allows businesses to accrue Acquire points through a range of business transactions. Those points can then be converted on a one for one basis