Air NZ boss leaves flying high
We were just getting used to decimal currency and the end of 6 o'clock pub closing when Norm Thompson started work at Air NZ 46 years ago.
We were just getting used to decimal currency and the end of 6 o'clock pub closing when Norm Thompson started work at Air NZ 46 years ago.
Air NZ chief exec Christopher Luxon has carved out a big reputation for foot-on-the-throat attention to the bottom line.
A new front in the transtasman airline battle is opening up over summer with competition hotting up on Perth and Adelaide routes.
Air New Zealand says it is on track to boost earnings by 20 per cent for the first half of the year.
Air New Zealand says its on track to boost earnings by 20 per cent for the first half of the year.
Air New Zealand's Christopher Luxon hit the ground running when he took over as chief executive on January 1.
Qantas chief executive Alan Joyce has launched a defence of his management team's performance after issuing a grim profit warning and slashing jobs.
Hobbit fans eagerly awaiting the release of Sir Peter Jackson's second instalment of his film trilogy were treated to a few larger-than-life movie moments today.
Air New Zealand says its group wide yields, after removing foreign exchange impacts, were up by 1.9 per cent in October.
Market players say they are surprised at the drop in Air New Zealand's share price in the wake of the Government's 20 per cent sell-down.
Air New Zealand customers paying for mid-range priced flights will earn fewer reward points under changes to the airline's loyalty scheme.
Air New Zealand shares have fallen 2c to $1.63 in early trading, according to Bloomberg.
The Government has made $365 million from selling down its 20 per cent stake in Air New Zealand after pricing the shares at $1.65 a piece.
Qantas has launched a scathing attack on the stake that Air NZ have built in Virgin Australia. Grant Bradley looks at why it's got the Flying Roo in a such a flap.
Critics of the Govt's sale of Air NZ shares who say it will result in reduced services and higher fares for passengers are indulging in "adolescent economics" says Steven Joyce.
The price for the Government's Air NZ sell-down is likely to be set close to $1.65 - the price it last traded at on the sharemarket, according to sources close to the deal.
According to the Labour Party leader, David Cunliffe, the timing of the Government's selldown of shares in Air New Zealand is arrogant.
Strong demand for the Air NZ share selldown is expected, but one broker says most will be coming from the bigger institutional investors.
The Government will sell 20 per cent of its stake in Air New Zealand today and tomorrow. The Herald tells you the 11 things you need to know.
Business editor Liam Dann on why the Air NZ share sale is a very different prospect from the SOE partial privatisations.
Opposition parties are warning of higher fares and even a second taxpayer bailout after the Government put another slice of Air NZ on the block.
The Government has now begun the process to sell 20 per cent of Air New Zealand shares.
Air New Zealand will spend up to A$116 million (NZ$130 million) buying into a rights issue by Virgin Australia to maintain its shareholding in the Australian carrier to 25.5 per cent.
Air NZ's share sell-down is likely to be priced at a small discount due to demand, and its success will be greater than power company share floats, an analyst says.