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Air New Zealand has announced Greg Foran, a New Zealander currently running Walmart’s United States operations, as its new chief executive.
Jetstar group chief executive Gareth Evans says the Qantas-owned low-cost carrier (LCC) lost about $20 million on its regional New Zealand turboprop services in the past year, leaving the airline group little option but to call time on the four-year operation.
Jetstar says it plans to end regional turboprop services in New Zealand at the end of November due to ongoing losses and weak market conditions.
Based on the Air New Zealand annual shareholder meeting, it appears the travelling public’s confidence in aircraft and engine manufacturing has been somewhat shaken in light of recent events.
This story from the Australian Aviation archives is from September 2011, when Geoffrey Thomas wrote about the collapse of Ansett Australia.
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