Air NZ shares sell before referendum
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.
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.
The world's longest non-stop flight will soon be history, discontinued because "it's no longer worth it".
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.
The Government is being tipped to sell down its stake in Air NZ early next week ahead of a referendum asking Kiwis if they support partial sales of state-owned assets.
Air New Zealand has unveiled a cabin mock-up of its Boeing 787 Dreamliner and has revealed it will debut on the Auckland-Perth route.
A year-long trial change in the landing approach for some flights to Auckland's airport will end today after months of residents complaining of increased noise.
In part one of a two part interview Air NZ chief executive Christopher Luxon talks to Business Herald aviation reporter Grant Bradley about changes he has introduced. Part two will address the Government sell down and arrival of the 787.
China Southern Airlines flew the first scheduled Boeing 787 Dreamliner flight into New Zealand yesterday.
Aaron Hailwood flies Pegasus Airways PG536 and PG462, Rome to Tbilisi.
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Air New Zealand is shaping up as the pick of the Government-owned companies on sale after Meridian Energy's low offer price and Mighty River Power's languishing shares.
China Southern Airlines will be the first carrier to operate scheduled Boeing 787 Dreamliner services to New Zealand from Monday.
An airline group says regulation of airport landing fees is too light.
A Tauranga man is hoping to make it home in time for his delayed 21st birthday celebration today after wild winds prevented him leaving Wellington yesterday.
The Alitalia board on Friday approved a 300 million euro ($400 million) capital increase as part of a rescue plan for the struggling flagship airline.
Qantas is rolling out a near life-size replica of Mars rover Curiosity around New Zealand to promote its frequent flyer programme.
Ewan McDonald helps christen EK435, Emirates' A380 service from Auckland to Brisbane.
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Jetstar takes delivery of its first Boeing 787 aircraft today for use initially on Australian domestic routes and later on international routes from New Zealand.
American transport officials are investigating how a 9-year-old boy got on a plane without a ticket and flew 2400km to Las Vegas.
Vulnerable air links have been identified as a potential barrier to developing New Zealand's $23.4 billion tourism industry.