Forum Archive Index - June 2001

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

And for a slightly different angle on this topic, have a look here:

http://www.abc.net.au/4corners/stories/s310290.htm

It is the web address of the transcript done by 'Four Corners', an 
Australian documentary series, on the future of Australian airspace 
which screened on June 11th 2001.

I think we all know that the real future of Air New Zealand will be 
determined by what happens in Australia so it is all very relevant 
to AIR shareholders.

Then there is the transcript of an attached internet panel discussion 
featuring representatives from Virgin Blue and Impulse being 
interviewed by the Australian public.  Fascinating stuff if you want 
to get a feel for the mood of the nation, which the bare bones 
newspaper reports don't give you.

Some highlights.

* The Queensland government has helped finance Virgin Blue.
* The Singapore government was a major financer of Impulse.   The 
withdrawal of support for Impulse by Singapore government owned GIC 
precipitating the events that lead to its demise.
* Flight West, which has just gone broke, is an important feeder 
Airline for Ansetton their Northern routes.   Perhaps more trouble 
for Ansett here, or will they stump up some of their cash mountain 
(sic) and buy the rubble? 
* By the end of the year Ansett and Qantas will face renewed 
competition on the Sydney-Melbourne route (the third largest domestic 
route in the world with 5 million passengers per year).  By then 
Virgin Blue will have a total of 14 new 737-700 planes in service 
which will give them the ability to pick up the travel slots made 
vacant by the demise of Impulse. 
* Singapore Airlines has access to up to 
$A120billion (not a misprint!) of reserves under the control of the 
Singapore government. Makes the $2billion Air NZ needs as a cash 
injection seem puny! 
* Air NZ would face a fine of some $50million should they 
choose to leave the Star Alliance.
* Richard Branson if offering his European Airline, Virgin Atlantic, 
as security for money required to keep his mobile phone empire 
afloat.


I didn't read any of that in the New Zealand media. SNOOPY


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