Hummgroup ends its partnership discussions with Air New Zealand; shares down on ASX

hummgroup Limited (ASX: HUM) has signed an agreement with Airpoints™.  Airpoints™ is the loyalty programme of Air New Zealand.

On 11 November 2021, the Company announced that it entered a major partnership with Airpoints™ to launch a portfolio of financial services products. Through this partnership, it was expected to deliver a significant advantage to Air New Zealand and the humm Group.

After a lengthy negotiation, the Company concluded that commercial terms between the two parties could not be reached. As a result, the contemplated strategic partnership will not proceed.

At AEST 11:03 AM, HUM shares are trading at AU$0.500, down 3.846% from the previous close.   

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