New Zealand logotype painted on its fuselage in anticipation of the name change. Ownership and change of name In April 1961 the Australian government decided to concentrate its subsidises with Qantas that commenced operating its own trans Tasman services in October 1961, and sold its shareholding in TEAL to the New Zealand Government, giving it 100% ownership. On 1 April 1965 Tasman Empire Airways Limited was renamed Air New Zealand Limited, with TEAL rebranded Air New Zealand, at the same time as the Douglas DC-8 entered service. TEAL's airline designator "TE" continued on with Air New Zealand until 1989. Thereafter, its international flights adopted the airline designator "NZ" formerly used by the New Zealand National Airways Corporation for its domestic flights. Chairmen 1940 Norris Stephen Falla 1947 Leonard Monk Isitt 1963 Sir Andrew McKee 1965 Sir Geoffrey Roberts See also History of Air New Zealand List of defunct airlines of New Zealand History of aviation in New Zealand References Further reading External links The Coral Route – New Zealand's first package holiday. Related material from Auckland War Memorial Museum TEAL advertising posters in the collection of the Museum of New Zealand Te Papa Tongarewa Defunct airlines of New Zealand Airlines established in 1940 New Zealand companies established in 1940 Air New Zealand Treaties of Australia Treaties of New Zealand Treaties of the United Kingdom Defunct seaplane operators Qantas