Air New Zealand has reportedly received clearance by regulators to proceed with its proposed joint venture with Singapore Airlines.
According to reports, the companies, which announced plans for the partnership last January, will allow Air New Zealand to maintain flights between Aukland and Singapore after the route was lost in 2008 due to financial losses.
New Zealand’s Transport Ministry has reportedly approved of the plan, valid for four years, after the airlines demonstrated that the partnership would be for the benefit of consumers and would not harm competition.
The Competition Commission of Singapore approved of the tie-up last April.
Full content: Stuff.co.bz
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