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Air New Zealand Says Still Expects To Make Loss In FY21
Air New Zealand Says Passengers Carried In October 690,000 Vs 1.40 Mln
Air New Zealand Says Metlifecare's Richard Thomson To Be Next CFO
Air New Zealand Limited is engaged in the transportation of passengers and cargo on an integrated network of scheduled airline services to, from and within New Zealand. The Company, through its subsidiaries, is also engaged in aviation, aircraft leasing and financing, investment, and engineering services. It is engaged in the operation of domestic and international passenger transport and cargo. Its operational fleet includes Boeing 777-300ER, Boeing 777-200ER, Boeing 787-9 Dreamliner, Boeing 767-300ER, Airbus A320-200, ATR 72-500/72-600, Bombardier Q300 and Beech 1900D. The Company offers check in and immigration services; baggage services, such as cabin baggage and excess baggage; on board flight services, and special assistant services for disable and pregnant people, and children, among others. The Company's short haul operations are represented in New Zealand, Australia and Pacific Islands, and its long haul operations are represented in Asia, North America and Europe.
185 Fanshawe Street
Therese Maria Walsh
Independent Non-Executive Chairman of the Board
Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
General Counsel and Company Secretary
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* Will refresh loyalty programme, improve digital tools (Adds comments from chairman and CEO)
Air New Zealand Ltd said on Tuesday it had drawn down NZ$110 million ($72.20 million) of a NZ$900 million government loan facility to date as it shored up liquidity to help weather the coronavirus pandemic.
* Loan has interest rate of 7-9%, security over planes (Adds details of election polls, loan terms, job cuts)
Air New Zealand Ltd said on Friday it had begun to draw down on a NZ$900 million ($589.95 million) government debt facility that would give it time to review its capital structure and complete a capital raising by June 2021.
* Union calls on airline to stop outsourcing roles (Adds Air New Zealand declined to comment on timing of cuts)
Air New Zealand Ltd said on Wednesday it aims to cut up to 385 more cabin crew jobs due to the lack of long-haul international flying, which would take its COVID-19 related job losses to around 37% of its workforce.
* NZ$900 mln government loan has interest rates of 7-9% (Recasts and updates throughout with executive interviews and government loan)
Air New Zealand Ltd on Thursday reported its first annual loss since 2002 and forecast a loss in fiscal 2021, hit by aircraft impairment charges and reorganisation costs from a coronavirus-fuelled slump in air travel.
Air New Zealand on Monday began the second phase of a coronavirus-enforced cost-cutting plan that it said will save around NZ$150 million ($97.53 million) and help it return to "healthy profits" by August 2022.
Major global airlines projected layoffs, furloughs and capacity cuts over the next few months, with Air New Zealand warning that it expected staffing levels to be 30% smaller than it is now, due to the coronavirus pandemic.
Air New Zealand said on Monday it will further reduce capacity across its network as the coronavirus outbreak dents travel demand.
Air New Zealand Ltd said on Monday about 14,000 customers would be affected by cancellations this summer because of ongoing Rolls-Royce engine checks on its Boeing 787-9 aircraft.
Air New Zealand Ltd said on Wednesday it will launch a non-stop flight service between Auckland and New York in October 2020, in a bid to take advantage of strong visitor growth from North America.
* Foran to be replaced at Walmart U.S. by Sam's Club boss Furner (Recasts and updates throughout with more detail, share price, comment from chairman, analysts.)
Air New Zealand on Friday appointed Greg Foran as the airline's next chief executive officer, replacing outgoing boss Christopher Luxon.
* Airline selects GE Aviation's GEnx-1B engines for planes (Adds Air NZ earnings outlook and details from investor presentation)
Air New Zealand Ltd said on Monday it had ordered eight Boeing Co 787 jets worth $2.7 billion at list prices, which will by powered by General Electric engines.
Air New Zealand Ltd said on Monday it had ordered eight Boeing Co 787 jets worth $2.7 billion at list prices, allowing it to open up longer non-stop routes, such as Auckland-New York.
* Air NZ long-haul routes exclusively Boeing wide-bodies (Adds CFO media comments)
Boeing Co has won a hard-fought contest to sell wide-body aircraft to Air New Zealand Ltd, beating a challenge from Europe’s Airbus, industry sources said on Monday.
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