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Air NZ Strategic Alliance With Qantas - Fact Sheet

Published: Mon 25 Nov 2002 12:27 AM
25 November, 2002
AIR NEW ZEALAND’S STRATEGIC ALLIANCE WITH QANTAS
Factsheet
Outcome: Air NZ secures its future as an independent, NZ owned, internationally operating airline
Name: Air NZ name retained, Koru retained
Control: - 70% of ownership in NZ hands, independent NZ board,
independent NZ management
- Qantas has only two board members
- Air NZ sits on Qantas board
Airpoints: Benefits retained. Apply Airpoints to Qantas services in time
Fares: Current affordable fare structure retained
Freedom Air: Retained as low cost, no frills option
Qantas in NZ: Continues to operate domestic flights and will compete for business
Key Points: - Strong, independent Air NZ
- Air NZ will fly domestically, trans Tasman and internationally
- Air NZ will share Qantas flights (code share). Increases choice threefold
- $550 million capital injection from Qantas
- Air NZ in charge of own destiny
- Air NZ gets passengers from Qantas flights out of Australia
(feeder traffic ) and shares access to Australian domestic network
- Trans-Tasman competition for Air NZ and Qantas will come
from international carriers.
Alliance:
- All Air NZ airline activities, and all the NZ and trans Tasman
operations of Qantas, will be combined
- Air NZ will manage the combined operations, covering
scheduling, pricing, routes and marketing
- Each airline will be responsible for its own aircrew, provision
and maintenance of aircraft, and passenger services
- Air NZ remains in Star Alliance. Qantas remains in oneworld
Economic Benefits: - To NZ, $1 billion over five years
- 50,000 additional tourists a year
- 200 additional Air NZ jobs over five years
CP034

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