Ansett New Zealand was the result of Ansett Transport Industries' desire to expand into the New Zealand market, enabled by the relaxation of regulation in the aviation sector by the fourth Labour government. Ansett Transport Industries formed a partnership with two New Zealand companies, Brierley Investments and Newmans Coach Lines, the latter being a tourism company which owned the unprofitable Newmans Air. Newmans Air formed the basis for a new expanded airline, the company being Bilmans Management Ltd, operating as Ansett New Zealand. Half its shares (the maximum allowed for a foreign company) were owned by Ansett, with Brierley holding 27.5% and Newmans holding 22.5%. Subsequently, regulations were relaxed still further, and Ansett took full ownership in April 1988.