Air New Zealand, the national carrier slated for a partial sell-down by the government, has ramped up pressure on the Commerce Commission to drop its long-running pursuit of the airline’s alleged involvement in a global cartel on air cargo surcharges. The Auckland-based airline is the only carrier out of 11 not have settled with the antitrust regulator, and is urging …
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Air NZ shares jump 5.6 percent as airline flags annual earnings to more than double
Air New Zealand’s shares jumped 5.6 percent after the national carrier flagged its annual earnings will more than double this year. The Auckland-based airline expects normalised annual pre-tax earnings, which strips outs unrealised movements in derivatives used to hedge its exposures, to be between $235 million and $260 million in the 12 months ended June 30. That compares to the …
Read More »Air New Zealand Unveils Hobbit Plane
Ahead of the first film premiere, the cast of Hobbit are primed to begin jetting around the world – on the side of an aeroplane. Air New Zealand today unveiled its official Hobbit aircraft, which depicts characters from the upcoming fantasy adventure The Hobbit: An Unexpected Journey, the first film in the Hobbit trilogy. It will fly between Auckland, Los …
Read More »NZ flight links to Bali and Jakarta stepping up
High passenger numbers for the 2012 season has sparked Air New Zealand to schedule another Auckland-Denpasar service next year. A Boeing 767-300 aircraft will operate twice weekly non-stop Auckland – Denpasar services for from 1 June to 15 October. This is three weeks longer than the 2012 season, again reflecting demand. Air New Zealand Group General Manager Australasia Bruce Parton …
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