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TEHRAN, April 04 - Air New Zealand (AIR.NZ) said it would end its seven-year alliance with Virgin Australia Holdings (VAH.AX), meaning the airlines will now compete head-to-head for passengers in the hotly competitive route between the two countries.
TEHRAN, Young Journalists Club (YJC) -Air New Zealand (AIR.NZ) said it would end its seven-year alliance with Virgin Australia Holdings (VAH.AX), meaning the airlines will now compete head-to-head for passengers in the hotly competitive route between the two countries.
Under the alliance, the pair had coordinated their route network, flight schedules and pricing, but when the deal expires in October they will be free to pursue different strategies for the Australia-New Zealand sector, where more than 10 million seats are offered annually by airlines flying the route.
Virgin Australia said Air New Zealand had notified it of the end of the alliance, in which the Australian carrier was the smaller partner. Air New Zealand shares rose 4 percent and Virgin Australia shares fell by as much on the news.
Virgin Australia CEO John Borghetti said in a statement that following the end of the alliance, his airline might deploy its low-cost arm Tigerair Australia on flights between Australia and New Zealand for the first time.
Source: Reuters
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