Tag Archives: Air NZ

Air New Zealand, the national carrier, will scrap its pre-selected travel insurance option after receiving a formal warning from the Commerce Commission, which is cracking down on businesses misleading consumers with ‘opt out’ additional products. The Auckland-based airline has agreed to no longer pre-tick travel insurance on its online ticketing system from April after a warning from the anti-trust regulator, the commission said in a …

The Australian Competition and Consumer Commission is appealing am Australian Federal Court ruling clearing carriers Air New Zealand and PT Garuda Indonesia of fixing prices for international air freight services. The competition regulator’s appeal is focusing solely on the court’s finding that the activities did not occur in the Australian market, it said in a statement. In October, Justice Nye Perram dismissed the …

Ewan Wilson, the founder of failed mid-1990s Kiwi Travel International Airlines, is eyeing up investors to take on at least some of the regional air routes being abandoned by Air New Zealand, with the principals of imported used car dealers 2 Cheap Cars the first to put up their hands. A name for the company, Kiwi Regional Airlines, has been accepted by …

Air New Zealand chief executive Christopher Luxon has defended its pricing on domestic regional routes, saying it’s one of only a few airlines in the world servicing as many smaller towns as it does, and that such routes are often considered uneconomic. Speaking at the airline’s annual meeting in Christchurch, Luxon told shareholders regional airline economics are “very challenging” and will …

Air New Zealand’s aviation maintenance unit Safe Air plans to cut 84 jobs, or about 30 percent of its workforce, citing its struggle to attract new international contracts in the face of a high kiwi dollar, according to a union statement. The airline confirmed Safe Air may cut about 80 jobs as some long-term contracts come to an end. “Since …

Air New Zealand, the national carrier, agreed to pay $7.5 million to settle a long-running dispute with the antitrust regulator on alleged agreements with other airlines on fuel and security surcharges on air cargo. The Auckland-based airline is the last of 11 carriers to settle with the Commerce Commission on the air cargo cartel case, and faces the biggest penalty …

Air New Zealand has agreed to lift its holding in Virgin Australia to about 23 percent from 19.99 percent in a series of off-market transactions and indicated it may seek to hold as much as 26 percent. New Zealand’s state-controlled airline paid about A$72 million for the shares, with the largest purchase being for 77.4 million shares at 47.68 Australian …

Air New Zealand, the only one of 11 airlines not to settle an antitrust suit over cargo with the Commerce Commission, has withdrawn a court challenge to the settlement deal. Air NZ has agreed to pay as yet unspecified costs to the regulator and the two sides have sought a penalty hearing, according to a joint statement from the airline …

Moody’s Investors Service has affirmed state-controlled carrier Air New Zealand’s credit rating and revised its outlook to ‘stable’ from ‘negative’ on the airline’s efforts to deal with high fuel prices. Auckland-based Air NZ kept its Baa3 senior unsecured issue rating, and was taken off a ‘negative’ outlook after a “rapid response” to escalating fuel prices and dwindling demand, the rating …

Former Foodstuffs boss Tony Carter will take up the chair at Air New Zealand’s board when existing chairman John Palmer steps down after September’s annual meeting. The announcement comes amid growing anticipation of the government’s planned sell-down of its three-quarter stake in the airline. Carter joined the national carrier’s board two years ago when Palmer signalled this would be his …