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Re: [sharechat] AIR attn snoopy

From:	Greg <g&jelliott@xtra.co.nz>
Date:	Tue, 18 Sep 2001 21:27:53 +1200


Snoopy,
> 
>
> 687.5/1750 means Singapore Airlines would then get 39.3% of Air New
> Zealand, which is beyond the government's 35% cap.  There is no
> guarantee that Air New Zealand can retain their international landing
> rights under this scenario.   This rescue deal is now dead IMHO.
> SNOOPY
> 
You're assuming that international landing rights cannot be retained if SIA
goes beyond 35%. Nowhere have I seen this, which is one reason why I can't
understand NZ's reluctance to allow SIA to increase their ownership stake in
the first place. Can you (or any aviation lawyers) confirm this matter?

Regards,

Greg E


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References

Re: [sharechat] AIR attn snoopy tennyson@caverock.net.nz

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