New Zealand News

Losses – But Ansett NZ to Fly On

Ansett New Zealand, which lost $NZ29. 3 million in the year to June 90, will keep operating, says chief executive Gary Smith. The company has now lost close to $NZ100m in its first three financial years in New Zealand.

Ansett NZ’s income for the year to June 1990 did not cover operating costs. However, Gary Smith says the 1989/90 losses were in excess of the budget, but “we are well on the way to meeting forecast plans. ” The 1989/90 result was $NZ7. 5m or 20% better than 1988/89’s loss, according to accounts filed at the Companies Office, Auckland. Mr Smith said the airline’s latest results were affected by the early decision to re-equip with modern jets.

This content is available exclusively to Australian Aviation members.

Login

Become a Member

To continue reading the rest of this article, please login.

Username or Email

Password Forgot password?

Keep me signed in on this device.

If you check this box before you log in, you won’t have to log back into the website next time you return, even if you close your browser and come back later.

If you check the box above before you log in, you won’t have to log back into the website next time you return, even if you close your browser and come back later.

---

or

---

Login with a Passkey

To unlock all Australian Aviation magazine content and again unlimited access to our daily news and features, become a member today!
A monthly membership is only $5.99 or save with our annual plans.

PRINT

$49.95 for 1 year Become a Member

See benefits

• Australian Aviation quarterly print & digital magazines
• Access to In Focus reports every month on our website

MOST POPULAR

PRINT + DIGITAL

$99.95 for 1 year Become a Member

$179.95 for 2 years Become a Member

See benefits

• Unlimited access to all Australian Aviation digital content
• Access to the Australian Aviation app
• Australian Aviation quarterly print & digital magazines
• Access to In Focus reports every month on our website
• Access to our Behind the Lens photo galleries and other exclusive content
• Daily news updates via our email bulletin

DIGITAL

$5.99 Monthly Become a Member

$59.95 Annual Become a Member

See benefits

• Unlimited access to all Australian Aviation digital content
• Access to the Australian Aviation app
• Australian Aviation quarterly print & digital magazines
• Access to In Focus reports every month on our website
• Access to our Behind the Lens photo galleries and other exclusive content
• Daily news updates via our email bulletin

View more offers and details