Company Watch - Air New Zealand.

Dec 4, 2006

Air New Zealand announced an 11% reduction in transtasman seat capacity beginning in April. Seats to Australia will fall by 15% from Wellington, 28% from Dunedin, 15% from Palmerston North and 7% from Christchurch compared to April-October 2006. "Not even the low airfares generated by significant excess capacity and competition have driven enough customer demand from these four centers to maintain the status quo," GM-Shorthaul Airline Norm Thompson said, citing a 63% load factor out of Wellington as an example. In addition, ANZ will use smaller aircraft on the Auckland-Sydney route. Dunedin-Gold Coast is the only canceled service. Transtasman routes account for 20% of ANZ flying. Nov 28, 2006

Air New Zealand Engineering Services won a $3 million contract from Thompsonfly to install Panasonic eFX AVOD IFE systems and perform heavy maintenance checks on nine 767-300s. Work will continue to May. Nov 28, 2006 Editor: Aram Gesar, eMail: [e-mail]

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Nov 13, 2006