ASL Airlines' Acquisition of Airwork in Doubt After Rejection by New Zealand Regulators
ASL Airlines Australia's planned acquisition of New Zealand's Airwork Group is facing a major setback. The country's Overseas Investment Office (OIO) has rejected the proposal, stating that the applicant failed to meet the required "good character" standard. The decision was based on a history of non-compliance with aviation laws by other ASL-affiliated airlines, primarily in Europe. This rejection puts the significant cargo and logistics deal in jeopardy. ASL is reportedly considering a judicial review to challenge the regulatory body's decision.
Official Source: https://www.ch-aviation.com/news/171637-asl-airlines-australia-acquisition-of-airwork-in-doubt