Auckland Council is in line for a $100m windfall, after Auckland International Airport this morning announced it would be paying out $454m to its shareholders.

The fight over Air New Zealand and two other airlines taking a bigger stake in Virgin Australia is intensifying with the deal now in line for further regulatory scrutiny.

Infratil, the Wellington-based infrastructure investor, has sold its unprofitable Glasgow Prestwick Airport to the Scottish government for 1 British pound (NZ$1.98).

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.

China Southern Airlines is putting on extra Dreamliner flights to Auckland to meet high demand over Chinese New Year.

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.

The world's largest passenger plane will live to fight another day. Airbus's A380 superjumbo got a fresh 50-jet order from Emirates Airline.

Air New Zealand has frequently been a political football for politicians of all stripes.

The Government has made $365 million from selling down its 20 per cent stake in Air New Zealand after pricing the shares at $1.65 a piece.

Auckland aviation business Airwork is being tipped to announce plans to list on the share market tomorrow morning.

Qantas has launched a scathing attack on the stake that Air NZ have built in Virgin Australia. Grant Bradley looks at why it's got the Flying Roo in a such a flap.

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.

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.

Opposition parties are warning of higher fares and even a second taxpayer bailout after the Government put another slice of Air NZ on the block.

The Government has now begun the process to sell 20 per cent of Air New Zealand shares.

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.

A New Zealand flight-simulator maker has cracked the United States and Chinese markets.