Air New Zealand Ltd (AIR.NZ)
21 May 2019
Mon, May 20 2019
PARIS Air New Zealand Ltd has decided to buy wide-body planes from Boeing Co, people with direct knowledge of the matter said, ending an 18 month battle between the U.S. aircraft maker and European rival Airbus SE.
* Air NZ long-haul routes exclusively Boeing wide-bodies (Adds CFO media comments)
PARIS, May 20 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.
March 28 Air New Zealand Ltd said on Thursday it was launching a two-year cost reduction programme and deferred aircraft capital expenditures of about NZ$750 million ($509.78 million) as part of a business review to tackle slowing growth.
March 28 Air New Zealand Ltd said on Thursday it was launching a two-year cost reduction programme as part of a business review to tackle slowing growth.
Feb 28 Air New Zealand Ltd posted a 35 percent drop in half-year pre-tax profit on Thursday, hurt by softening tourism traffic and weaker domestic leisure travel.
WELLINGTON/SINGAPORE Air New Zealand Ltd lowered its profit outlook by as much as 30 percent on Wednesday as it forecast revenue growth would ease due to weaker tourism, raising broader concerns about slowing arrivals to New Zealand and nearby Australia.
* Worries about slowing tourism, particularly from China - experts
Jan 30 Air New Zealand expects much weaker revenue growth and profit in its 2019 financial year, it said on Wednesday, citing higher costs after problems with some Rolls-Royce engines.
Dec 7 Employees at Air New Zealand are planning to go on strike just four days before Christmas, the company said in a statement, a move that could affect thousands of customers in the peak travel season.