Hobbit stars have unveiled a giant, NZ-themed pop-up book in Beverly Hills, a dragon has been revealed on an Air NZ plane and giant eagles have descended on Wellington.

Among the many things Warren Buffett is famous for is his view that airlines are a lousy investment. Just last May, he was at it again.

Air New Zealand says its group wide yields, after removing foreign exchange impacts, were up by 1.9 per cent in October.

Market players say they are surprised at the drop in Air New Zealand's share price in the wake of the Government's 20 per cent sell-down.

Air New Zealand customers paying for mid-range priced flights will earn fewer reward points under changes to the airline's loyalty scheme.

Air New Zealand shares have fallen 2c to $1.63 in early trading, according to Bloomberg.

Bill English has thrown the Opposition a curve-ball as they ready themselves for their unofficial three-week campaign to maximise the "no" vote in the referendum on partial asset sales.

Qantas has launched an attack on Air NZ's commercial strategy behind its investment in Virgin - saying it's a foreign bid to destabilise Australian aviation market.

According to the Labour Party leader, David Cunliffe, the timing of the Government's selldown of shares in Air New Zealand is arrogant.

Critics of the Govt's sale of Air NZ shares who say it will result in reduced services and higher fares for passengers are indulging in "adolescent economics" says Steven Joyce.

The price for the Government's Air NZ sell-down is likely to be set close to $1.65 - the price it last traded at on the sharemarket, according to sources close to the deal.

Strong demand for the Air NZ share selldown is expected, but one broker says most will be coming from the bigger institutional investors.

The Government will sell 20 per cent of its stake in Air New Zealand today and tomorrow. The Herald tells you the 11 things you need to know.

Business editor Liam Dann on why the Air NZ share sale is a very different prospect from the SOE partial privatisations.

Air New Zealand will spend up to A$116 million (NZ$130 million) buying into a rights issue by Virgin Australia to maintain its shareholding in the Australian carrier to 25.5 per cent.

Air NZ's share sell-down is likely to be priced at a small discount due to demand, and its success will be greater than power company share floats, an analyst says.

The Government is being tipped to sell down its stake in Air NZ early next week ahead of a referendum asking Kiwis if they support partial sales of state-owned assets.

Air New Zealand has unveiled a cabin mock-up of its Boeing 787 Dreamliner and has revealed it will debut on the Auckland-Perth route.

An Air New Zealand employee who emailed senior executives comparing his boss's leadership to Saddam Hussein's regime was justifiably disciplined.

A year-long trial change in the landing approach for some flights to Auckland's airport will end today after months of residents complaining of increased noise.

Air New Zealand is shaping up as the pick of the Government-owned companies on sale after Meridian Energy's low offer price and Mighty River Power's languishing shares.

A final report on the illegal shipment of pyrotechnic canisters which endangered the lives of hundreds of passengers on a 2009 Air New Zealand flight has recommended a review of air force safety.

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