New York (AirGuideBusiness - Company Watch) May 16, 2010
Air New Zealand and Virgin Blue Airlines Group yesterday announced their intention to seek regulatory approval to create an alliance on transtasman routes. Air New Zealand chief executive Rob Fyfe said the proposal would provide both airlines with a combined 56% market share. The proposal would strengthen their competitive offering on the route and see them collaborate on future route and product planning, code sharing and frequent flyer programme benefits. Both airlines, which have had legal teams working on the alliance proposal for some months, said applications will be filed with the Australian Competition and Consumer Commission and the New Zealand Ministry of Transport shortly. Regulators are expected to take six months to review …
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