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.

Chief executive Fyfe spoke at the annual Star Alliance chief executive and management board meetings and said that the last date for a decision by the Australian Competition and Consumer Commission was 20th December.

Fyfe also said that they were hopeful that some time in the future this week they will probably hear the ACCC decision. He further said that they were hopeful of having a Minister of Transport decision in New Zealand before this week ended.

The Australian Competition and Consumer Commission had published a draft last September for the determination proposing to deny authorisation for the alliance.

Their fingers are crossed as they hope to get a nod for that alliance arrangement.

Almost 24 chief executives among the 27 member airlines of Star Alliance got together in Queenstown this week.

The plan is to keep the alliance there till a consolidation is done over the oceans or the continents.