Company Profile For Air New Zealand Limited

Air New Zealand Limited is a New Zealand-based company engaged in the transportation of passengers and cargo on scheduled airline services to, from and within New Zealand. The Company’s geographical segments include New Zealand, Australia and Pacific Islands, United Kingdom and Europe, Asia, and North America. The Company’s subsidiaries include Air Nelson Limited, which is engaged in aviation, Air New Zealand Aircraft Holdings Limited, which is engaged in aircraft leasing and financing, Air New Zealand Holidays Limited, which is engaged in hotel reservations and events marketing, Eagle Airways Limited, which is engaged in aviation, Safe Air Limited, which is engaged in providing engineering services. On November 3, 2008, the Company acquired the Masling Industries Pty Limited. On July 31, 2008, the Company acquired the TXNZ Limited. On December 9, 2008, the Company acquired the TAE Aviation Pty Limited.

BRIEF: For the fiscal year ended 30 June 2009, Air New Zealand Limited's revenues decreased 1% to NZ$4.61B. Net income decreased 90% to NZ$21M. Revenues reflect a decrease in income from passenger revenue, a decline in sales from New Zealand market and lower cargo sales. Net income also reflects an increase in fuel expenses, higher labour charges, increased maintenance expenses, higher aircraft operations and an increase in passenger services.