Category: Air New Zealand

The New Zealand government has completed the sale of 20 per cent of its equity in Air New Zealand, raising NZ$365 million from 221 million shares valued at NZ$1.65 a share. Eighty-four per cent of the shares sold by the government were taken up by New Zealand-based investors, with the remainder by overseas institutions including

Air New Zealand shares are in a trading haft after the New Zealand government announced it is selling down its stake in the kiwi carrier from 73 per cent to about 53 per cent. Shares in Air New Zealand were trading at NZ$1.65 before the trading halt, valuing the 20 per cent stake at about

Air New Zealand has appointed Cam Wallace to the role of chief sales and commercial officer effective January 1, 2014.  He will replace Norm Thompson who retires in December. Wallace, who is currently group general manager New Zealand and Pacific Islands, will have accountability for more than NZ$4 billion in passenger and cargo revenue predominantly driven

To stimulate demand on the Sydney-Rotorua route, Air New Zealand and Rotorua International Airport have worked together to reduce costs and improve schedules, but the airline will suspend the service during winter due as seasonally low demand affects the route’s viability. From September 2014, Air New Zealand will move its twice-weekly service to Monday and