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Thread: AIR NZ

  1. #76
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    quote:Originally posted by BRICKS

    WELL BRICKS has sold out and now off on a 5 month World Wide tour First stop USA Florida,, Would like to thank all the KIWI knockers on this stock AIR and the hard times you handed out but being BIG hearted I will forget you until next time BRICKS , says you all have a GOOD DAY.. [8D]
    FORGOT today is BRICKS birthday ?? ,,[8D]

  2. #77
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    More details on the 'proposed' code-share.



    Number 1 - May 1, 2006

    Qantas - Air New Zealand Code Share

    On 12 April 2006, Qantas and Air NZ announced a plan to "code-share" on the Tasman. This alert explains what the code share is and what the Government should do.

    What is a code-share?

    Usually a code-share is an arrangement to allow one airline to show its code or flight number on another airline's flight, on a route where they do not compete. For example, Air New Zealand code shares with United Airlines on some trans Tasman flights where they are never likely to compete. The proposed code-share is for routes where Qantas and Air NZ are by far the dominant competitors. That is not normal at all.

    What are Air NZ and Qantas proposing?

    Air NZ and Qantas want to create a cartel. That is, they want to collude on prices and services for all routes between Australia and New Zealand. They also want to be able to collude on payments to travel agents and a range of other matters. They will set up a joint committee between the two airlines to make decisions on what they will jointly offer customers. They will not compete and the deliberations of the joint committee will not be scrutinised.

    Didn't they try this once before?

    In 2003 Qantas and Air NZ proposed an "alliance" that would have allowed extensive collusion in many markets. It was rejected by the Commerce Commission as highly detrimental to New Zealand. It was rejected by the Australian Competition and Consumer Commission (ACCC) as detrimental to Australia. On appeal, the High Court upheld the Commerce Commission's decision.

    So what's different this time?

    As far as consumers are concerned, not much. The worst elements of the former proposal remain - collusion on prices and schedules on one of New Zealand's most important markets. Although the agreement does not allow the cartel committee to set prices and schedules for other markets, there is nothing to prevent them from making unilateral decisions not to challenge a 'friendly party' on domestic routes.

    Won't the Commerce Commission put a stop to it?

    This time, the Commerce Commission may not get a say. There is an anachronistic exemption from the Commerce Act to allow the Minister for Transport to approve code shares. It was never envisaged that this would extend to a highly anti-competitive cartel, but that exemption exists and it is being used in that way.
    There is no such exemption in Australia, so (as in most countries) it will go to the competition regulator. But the ACCC is under no obligation to take the interests of Kiwis into account.

    Should the Minister of Transport make the decision?

    Most developed countries recognise that when influential commercial interests seek to collude, it is better to have an independent and expert commission examine the impacts on consumers. When the Government owns the airline, it is even more difficult for the Minister to be independent and be seen to be independent.

    What should the Government do?

    If this code-share really is good for New Zealand as the proponents say, why not let that point be tested openly and rigorously?
    The Government should do two things:
    " Refer the current application to the Commerce Commission for a transparent investigation and advice;
    " Enact legislation to get rid of the exemption from the Commerce Act for anti-competitive code shares.

    What can I do?

    Write to the Minister of Transport, the Minister of Commerce, and your local MP, and tell them you want New Zealand's interests examined by the Commerce Commission. Airlines are making a case to pursue their commercial interests. Be sceptical of claims about the potential benefits of the cartel and assurances that all will be well.

    Toddy

  3. #78
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    All is not well at AIR. Rumours aired on TV last night that Rob Fyfe is on the way out and a furious john Palmer inviting discontented or demoralised staff to get out.

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    What chanel was that on Skol and can you tell us more?

    quote:Originally posted by Skol

    All is not well at AIR. Rumours aired on TV last night that Rob Fyfe is on the way out and a furious john Palmer inviting discontented or demoralised staff to get out.

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    Channel 1 if I remember correctly. There was also some kind of document made public with an HR consultant stating that such inflammatory invective invites subversiveness. Very interesting.

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    Thanks Skol.
    Found the clip in the TV1 archives. Rumours about Fyfe came from the 'travel industry'.
    Air is going through a hugh amount of change at the moment and some of it is not being handled very well from a human resources point of view I gather.Looks as though Fyfe's HR department may be letting him down.I hear 'dignity and compassion' are paid lip-service only in some areas.
    I can see what Fyfe is trying to do overall,and if he succeeds AIR should be good buying at some stage.
    He is fighting negative press the whole way however and still has a few battles to win, not to mention the Wellington business Community, living in cloud cuckoo land when it comes to a realistic air service.[xx(]

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    quote:Originally posted by biker

    Thanks Skol.
    Found the clip in the TV1 archives. Rumours about Fyfe came from the 'travel industry'.
    Air is going through a hugh amount of change at the moment and some of it is not being handled very well from a human resources point of view I gather.Looks as though Fyfe's HR department may be letting him down.I hear 'dignity and compassion' are paid lip-service only in some areas.
    I can see what Fyfe is trying to do overall,and if he succeeds AIR should be good buying at some stage.
    He is fighting negative press the whole way however and still has a few battles to win, not to mention the Wellington business Community, living in cloud cuckoo land when it comes to a realistic air service.
    The only thing i see hes doing is pre warning the public and investors that tough times are ahead. This also means tough decisions need to be made. He clearly needs to learn some PR skills. What many of the workers will be saying to themseleves is be loyal to AIR but be warned we can sh't on you at any time. The majority of airlines are going through restructuring and many are in a far worse position than AIR.

    Ralp Norris wasnt silly in jumping ship. I think he completely new what the airline industry was in for.

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    quote:Originally posted by lanenz
    [br
    Ralp Norris wasnt silly in jumping ship. I think he completely new what the airline industry was in for.
    surly he didn't jump ship ... being the head honcho of a airline
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

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    When you have the chairman on TV doing his block like that it doesn't bode well for investors. There is probably more going on behind the scenes we'd all like to know about. This business will no doubt undermine Fyfe's authority and will be fairly corrosive.

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    quote:Originally posted by Skol

    When you have the chairman on TV doing his block like that it doesn't bode well for investors. There is probably more going on behind the scenes we'd all like to know about. This business will no doubt undermine Fyfe's authority and will be fairly corrosive.
    right WE NOW HAVE THE FACTS do we buy or sell.. [8D]

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    I sold some time back but call myself an "interested bystander". Every time a new management team arrives they seem to want to re-invent the wheel. Each decade whether it's Bob Owens, Bob Mathew, John Palmer, they set about making staff redundant, spending zillions on new uniforms, implanting new buzzwords, selling assets, etc. etc. I'm positive it went according to plan under Ralph Norris because he left everyone to get on with the job.

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    I cant get over the greed of some people in top jobs. The highest ranked redundancy in air New Zealand.
    [quote the NZ Herald]. The authority notes that in less than 2 years from when he was chief operating officer until the end of his six months leave he was paid more than 1.7 million including redundency pay and bonuses.
    The man in reality is only another mans lackey he sits in an office and gets paid wages. It is no wonder that this company is destined to trend down until the next bail out. macdunk

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    Do the new planes run on Bio Fuel? If not, then why buy?
    This stock shines so bright that it \"Bling Blings\"

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    quote:Originally posted by Bling_Bling

    Do the new planes run on Bio Fuel? If not, then why buy?
    BLING have you been on HOLIDAYS.. [8D]

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    quote:Originally posted by BRICKS

    quote:Originally posted by Bling_Bling

    Do the new planes run on Bio Fuel? If not, then why buy?
    BLING have you been on HOLIDAYS.. [8D]
    YEs I have, a very long and satisfying one, thanks. You noticed?
    This stock shines so bright that it \"Bling Blings\"

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