M&A

The operators will sell 310 of Apollo’s motorhomes in NZ and Australia to secure merger approval, with a ComCom decision expected today.

Air New Zealand says it has not been approached and is not in discussions with any parties regarding a potential merger.

Tourism Holdings and Apollo Tourism & Leisure have offered a court-enforceable undertaking to sell most of the latter’s Australian fleet, says the Australian Competition and Consumer Commission (ACCC).

The operator plans to buy 1,000 new vehicles to meet expected demand, which is returning much faster than expected.