Air NZ: Tasman Networks Agreement

Published: Thu 16 Nov 2006 09:20 AM
Tasman Networks Agreement
Air New Zealand advises that it has decided to withdraw its application to the Australian Competition and Consumer Commission (ACCC) and Ministry of Transport (MOT) for approval to operate a codeshare with Qantas on trans-Tasman routes.
Air New Zealand’s review of the recent draft judgement from the ACCC gives it little confidence that its views will be given any weight when the final ACCC judgement is delivered.
There is a path to appeal the ACCC decision and Air New Zealand is mindful that the Australian Competition Tribunal over-turned the previous ACCC negative judgement in regard to Qantas and Air New Zealand. The costs of further delay and uncertainty are now too high in dealing with the business imperatives in the intensely competitive trans-Tasman market.
To survive in this market Air New Zealand must be fast, nimble and innovative; adapting its business model to address challenges and opportunities. Air New Zealand remains of the view that the proposed codeshare was in the best interests of its customers, was the best solution to address the surplus capacity on the Tasman and gave it the best options for retaining the current low fare structure.
Air New Zealand has developed a number of strategies to become more competitive over the past three years, improving its product and service, reducing costs and aligning capacity to the routes that offer the greatest growth potential.
Air New Zealand has implemented a range of initiatives to improve the airline’s performance on the Tasman over the past year and it will continue to target further performance improvements in the future.

Next in Business, Science, and Tech

David McLean Appointed As KiwiRail Chair
By: New Zealand Government
‘More Milk From Fewer Cows’ Trend Continues In A Record Year For NZ Dairy Industry
By: Dairy NZ
Consents Remain At Record Levels
By: Statistics New Zealand
Fonterra Lifts Forecast Farmgate Milk Price Range And Revises Earnings Guidance At First Quarter Update
By: Fonterra
Canterbury Museum: New Research - Bald Haast's Eagle Feasted On Moa Guts
By: Canterbury Museum
Demand High For Covid-proof Businesses
By: ABC Business Sales
Almost Two-fifths Of New Zealanders Don’t Feel Safe Enough To Shop In-store This Black Friday
By: PriceSpy
View as: DESKTOP | MOBILE © Scoop Media