NZ govt approves Air NZ-Singapore Airlines alliance

Transport Minister Gerry Brownlee

Transport Minister Gerry Brownlee has authorised a strategic alliance between Air New Zealand and Singapore Airlines, which will see Air New Zealand fly into Singapore for the first time since 2006.
 
He says the decision, which comesmore than three months after approval from Singapore, will benefit air travellers by offering more flights and lower fares.

It follows the withdrawal of budget airline Jetstar's Auckland-Singapore service for lack of support.
 
“Air New Zealand and Singapore Airlines have committed to offering 30% more seats every week between Auckland and Singapore," he says.

"This will more than compensate for capacity lost when Jetstar withdrew from the route, and ensure the availability of low fares.”
 
The alliance will also provide opportunities for a continuation and expansion of the role Singapore has long played as a hub for travel between New Zealand and Europe, Mr Brownlee says.
 
Under the alliance, the two airlines will coordinate operations on the Auckland-Singapore and Christchurch-Singapore routes. It will provide a far greater range of connecting flights throughout Southeast Asia, India and Europe.
 
Mr Brownlee has authorised the alliance for an initial term of four years. During this period, the airlines will need to demonstrate the alliance has delivered real benefits to consumers and that it has not had an adverse impact on competition in other markets.


Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7212 0.0021 0.29%
AUD 0.9383 0.0006 0.06%
EUR 0.6800 -0.0013 -0.19%
GBP 0.5798 -0.0001 -0.02%
HKD 5.5966 0.0157 0.28%
JPY 80.8580 0.2210 0.27%

Commods

Commodity Price Change Time
Gold Index 1258.3 7.630 2017-02-24T00:
Oil Brent 56.3 -0.650 2017-02-24T00:
Oil Nymex 54.0 -0.500 2017-02-24T00:
Silver Index 18.3 0.220 2017-02-24T00:

Indices

Symbol Open High Last %
NZX 50 7065.6 7091.2 7058.6 0.29%
NASDAQ 5835.0 5851.3 5845.3 0.09%
DAX 11858.1 11860.8 11804.0 0.16%
DJI 20808.7 20841.8 20821.8 0.02%
FTSE 7243.7 7285.2 7243.7 0.13%
HKSE 23941.8 24067.7 23965.7 -0.17%
NI225 19130.5 19179.0 19283.5 -0.91%
ASX 5739.0 5743.5 5739.0 -0.26%