Air New Zealand and Virgin Blue expect regulators to take about six months to review their alliance proposal, announced by the carriers May 3. The alliance would cover flights between Australia and New Zealand, as well as connecting domestic flights in both countries. Air New Zealand has long complained of overcapacity in this market, but could not win approval for its previous attempts to form a trans-Tasman alliance with Qantas. Executives have been discussing the deal “for some ...


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