Airways NZ returns to profit post-pandemic

Airways NZ is the country's air navigation provider. (Image: Airways NZ)

Fri, 06 Oct 2023

Airways New Zealand has returned to profit for the first time since the beginning of the covid-19 pandemic, recording a net profit after tax of $5.4 million. In its annual results for the June 30, 2023, financial year, the state-owned enterprise said its core air navigation business made a net profit of $400,000, and its commercial business, Airways International Limited (AIL), made a net profit after tax of $5.0m. AIL commercialises Airways NZ’s intellectual property, such as with air traffic control training.The revenue from a...

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