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

a2 Milk announces first ever dividend policy
Markets

a2 Milk announces first ever dividend policy

The company has also lifted its full-year revenue guidance. 

AFT's growth prescription: Enter Chinese market
Markets

AFT's growth prescription: Enter Chinese market

The first shipment of first aid cream hasn't landed, but the launch is under way.

NZ sharemarket rises ahead of interest rate decision
Markets Market close

NZ sharemarket rises ahead of interest rate decision

The S&P/NZX 50 Index closed at 12,765.24, up 28.18 points or 0.22%.

Graham Skellern 21 Nov 2024
IkeGPS revenue shows sparks for subscriptions play
Markets

IkeGPS revenue shows sparks for subscriptions play

Despite a $7m net loss, subscription revenue grew 28%.

Ben Moore 21 Nov 2024