Air NZ mulls second leased plane to cover Tasman-Pacific

Air NZ mulls second leased plane to cover Tasman-Pacific
Air NZ CEO Greg Foran addresses the AGM, with chair Therese Walsh at left. (Image: BusinessDesk)
Pattrick Smellie
Air New Zealand is signalling it may lease a second Boeing 777-300 to help cover the loss of Airbus A320neos and A321neos from its fleet over coming months because of maintenance issues discovered by engine-maker Pratt & Whitney.The national carrier’s chief executive, Greg Foran, confirmed to BusinessDesk after the annual shareholders meeting in Wellington that the airline would shortly sign a dry lease” on one 777-300, as signalled at the tourism industry conference, TRENZ, in May. That plane would go into the Air NZ fleet...

More Markets

Contact expects strong FY25 as projects near completion
Markets

Contact expects strong FY25 as projects near completion

Contact Energy expects to report "materially higher" earnings for the year to June 30, 2025. The company said normalised and expected earnings before interest, tax, depreciation, amortisation and fair value adjustments (ebitdaf) for FY2025 were expected to be $770 million, well a...

Aus: Tax cuts, rates chatter to play into consumer sentiment
Markets

Aus: Tax cuts, rates chatter to play into consumer sentiment

Consumer and business confidence surveys are due out this week. 

AAP 7:00am
Medicinal cannabis law changes expected to grow industry
Primary Sector

Medicinal cannabis law changes expected to grow industry

Law changes will make it easier and cheaper for medicinal cannabis to be exported.