New Zealand Transport Minister Gerry Brownlee stated (21-May-2012) the Government is proposing changes to the nation’s international air transport policy which could include changes to foreign ownership rules. Foreign ownership of New Zealand carriers is currently set at 25% by any one foreign airline, or 35% by foreign airlines in total. Changes to this rule would not affect ownership of Air New Zealand in which the Government plans to keep a 51% stake. Mr Brownlee said the new policy would allow for New Zealand to continue to pursue open skies agreements which “will help develop the economy and increase business and travel opportunities for New Zealanders”. Negotiations with Japan and China were successfully completed earlier in 2012 while negotiations with Brazil and French Polynesia are currently underway. Mr Brownlee highlighted future new air services agreements will focus on East Asia and South America.
New Zealand Government proposing changes to air transport policy including foreign ownership rules
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Hong Kong Airlines is restricted from serving major Australian cities due to bilateral limits (Australia and Hong Kong have not been able to agree on increased capacity levels). Hong Kong Airlines' owner HNA has bought into Virgin Australia, which plans to serve the key HNA hubs of Beijing and Hong Kong in 2017, providing access from major Australian cities. Virgin could also help Hong Kong Airlines make viable service to smaller Australian cities.
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South Pacific aviation markets will be defined by China’s expansion
The nature of the South Pacific's geography makes finding the right partners for its airlines essential for their survival in international long haul markets – as most are.
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For all airlines in the region, the China market will define much of the growth over the coming decade. (This report is taken from the Jul/Aug-2016 issue of CAPA's Airline Leader)