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Air NZ shareholders unlikely to be told Qantas news at AGM.
(From New Zealand Herald)
Byline: NZPA
27.10.2002 3.00pm Air New Zealand shareholders hoping to hear more at Tuesday's annual meeting of the airline's planned "engagement" with Qantas are likely to be left up in the air.
Air New Zealand has not been jilted yet but the pre-nuptual agreement is proving complex to work through, analysts said.
The company would not say if shareholders could learn more about the progress on the Qantas talks at the meeting.
"We're not in a position to make any comment when the next step, if there is one, will be made public, because essentially those discussions are continuing," airline spokesman Mark Champion said.
Speculation was running high earlier this month after a Perth newspaper ran a story saying the deal, whereby Qantas would buy a 20-25 per cent stake, would be announced at the Auckland meeting.
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