Air New Zealand and Cathay Pacific Win 5-Year Joint Venture Extension

What does this mean?

Air New Zealand and Cathay Pacific have been granted a five-year extension to their joint venture agreement by the New Zealand Commerce Commission.

Benefits of the extension:

• The extension will allow the two airlines to continue to offer a wide range of benefits to customers, including:
• Codesharing on each other's flights
• Joint marketing and sales initiatives
• Coordinated pricing and revenue management

The joint venture has been in place since 1999 and has been instrumental in the development of the New Zealand-Hong Kong aviation market.

Why is this important?

The extension of the joint venture is important for a number of reasons:

• It provides certainty for the two airlines and their customers
• It allows the airlines to continue to invest in the New Zealand-Hong Kong aviation market
• It supports the growth of tourism and trade between New Zealand and Hong Kong

The Commerce Commission's decision to grant the extension reflects the benefits that the joint venture has brought to the New Zealand-Hong Kong aviation market.

What's next?

The two airlines will now work together to implement the extension of the joint venture.

They will also continue to explore ways to improve the customer experience and grow the New Zealand-Hong Kong aviation market.