Air NZ's long, hard $100M flightpath to China

Mon, 06 May 2019

By Nikki Mandow May 6 (BusinessDesk) - Air New Zealand has lost $100 million in the 13 years it has been flying to China, chief executive Christopher Luxon says. The cumulative loss in that time is largely because it is competing in the Chinese market with government-affiliated airlines, in a regulatory environment stacked against New Zealand, he says. “China sees aviation as tools of the state," Luxon told delegates at the 2019 China Business Summit in Auckland today. "We compete with large-scale state-backed businesses that can make...

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