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| | ACCC rejects Hazelton Airlines takeover bids from Ansett and Qantas. | Operations > Shipping from AllBusiness.com (Site not responding. Last check: 2007-10-31) |
 | | Bids submitted by Ansett and Qantas, two major Australian airlines, for Hazelton Airlines, a regional carrier, have been rejected by the Australian Competition and Consumer Commission (ACCC). |
 | | Meanwhile Impulse Airlines, a recent entrant into the domestic market, has indicated that it will push ahead with its offer to buy a minority stake in Hazelton Airlines and merge the two carrier's regional fleets. |
 | | Ansett, which is owned by Air New Zealand, currently has an entitlement of 36% of the shares in Hazelton Airlines, while Qantas has 29%. |
| www.allbusiness.com /periodicals/article/730796-1.html (402 words) |
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