The final decision on turning Ohakea Air Force Base into New Zealand's major defence force hub is yet not decided by the Government. Today an agreement of $30 million was offered to Mainzeal Property and Construction Ltd.

The extra infrastructure at the base will be built by the Palmerston North Company.

The assurance to run additional flights to and fro Wellington was a very significant step in making the rare and unlikely change of heart by the Australian competition watchdog which finally gave its nod to the trans-Tasman alliance between Air New Zealand and Virgin Blue.

Ex-Mayor Warren Cooper has served a show-cause notice to the Queenstown Lakes District Council seeking for explanation about the decision of conducting consultation with Auckland Airport authority. The decision is irrelevant in this context as the deed has been finalized and both parties have come to a settlement.

The secret report on the commercial merits of the hidden, unknown sale of Queenstown Airport shares to the Auckland International Airport (AIA) initially in the year is about to hand over to Queenstown community members.

On Thursday there was a decrease over euro-zone sovereign debt sidelined buyers in Asian stock markets as changed concerns.

There is increase in offer between shares of Virgin Blue and Air New Zealand. They have obtained conditional support from Australia's competition regulator.

The head of Air New Zealand, Rob Fyfe is looking to hear from regulators this week regarding the airline's alliance deal with Virgin Blue.

The suggested trans-Tasman alliance with Virgin Blue includes a collaboration on the upcoming route and product planning, code sharing and the often flyer programme advantages.