Air New Zealand is no longer a Virgin Australia shareholder after disposing of its remaining 2.5 per cent stake for A$65.7 million. On Wednesday, the company said in its monthly investor update for October the shares were sold in “off market transactions with investors, including Nanshan Group”. This content is available exclusively to Australian Aviation
Air New Zealand is hoping Australia will be the goose that lays the golden egg as the airline launches a new marketing push to grow passenger numbers from this side of the Tasman travelling to the Americas via its Auckland hub. The Star Alliance member has enlisted the voice of Australian actor Bryan Brown in
Air New Zealand has reaffirmed earnings guidance for an earnings decline in the current year as competition both at home and abroad heats up. In August, the airline guided the market to expect earnings before taxation of between NZ$400 million to NZ$600 million in 2016/17, compared with $NZ806 million in the prior year. This content is
Air New Zealand and Singapore Airlines (SIA) have agreed to expand their alliance to include the latter carrier’s upcoming one-stop Singapore-Wellington service. SIA is due to start flights between the city-state and New Zealand capital, via Canberra, from September 21, with the four times a week offering being operated with Boeing 777-200s. This content is available exclusively to Australian
Air NZ reports record profit, flags headwinds in period ahead amid growing international competition
Air New Zealand has flagged tougher times ahead after reporting a record full year profit in 2015/16 as competition both at home and abroad heats up. The New Zealand carrier said net profit after tax for the 12 months to June 30 2016 came in at NZ$463 million, up 42 per cent from NZ$327 million
Air New Zealand says it will remove the Spaceseat premium economy seats from its Boeing 777-300ER fleet just five years after they started flying in 2011. In its place on board the seven 777-300ERs will be a more standard forward facing premium economy seat already flying on board the airline’s Boeing 777-200ER and 787-9 widebodies,