Shane Jones calls for Air NZ chair to step down, asks CEO to step down or shut up

The Government owns 52 per cent of the company, but it operates as a commercial business with no public service obligations other than returning a profit. Air New Zealand is not covered by the State Owned Enterprises Act, but is run as a private company under the Companies Act.

Air NZ’s cash crunch: Shane Jones accuses airline board of delaying raising funds

By underwriting a capital raise the Government would guarantee the raising of funds by picking up any shortfall of rights that shareholders did not subscribe to, while also taking up the rights of its existing shares, potentially resulting in the Crown holding a greater stake in the airline.

Silence from Government and Air NZ raises questions about future ownership

“It is effectively temporary, to provide the liquidity essential to Air New Zealand in its current state. With that loan in place, the airline is able to put off any market approach, thereby providing a window for any alternative restructuring plan to be developed between the company and the Government.”

Brain drain: Loss of leadership experience at Air NZ raises culture concerns for union

Like the Government, Air New Zealand went hard and early in its response to Covid-19. Just days into New Zealand’s alert level 4 lockdown in March the airline said it would be downsizing to a third of what it was pre-pandemic.

Coronavirus: Air NZ extends Boeing 777 groundings as international recovery outlook worsens

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Dreamliner groundings could drag on for Air New Zealand as Rolls-Royce announces delay

For the past 18 months Air New Zealand, along with other global airlines, have had to undertake earlier than expected maintenance on Rolls-Royce Trent 1000 engines fitted to Dreamliner aircraft after engine blades showed signs of corroding or cracking prematurely.

Dire outlook for Norfolk Island tourism with Air New Zealand flights cut

“We were hoping for a recovery phase from October onwards and now clearly that is not going to happen, with the reduced schedule with Air New Zealand deciding unilaterally to reduce its schedule with just two flights out of Australia until 27 March.

Government needs to give Air New Zealand ‘timely response’, National Party says

The Government needs to give Air New Zealand a timely response on its future capital structure so the airline can get on with what it needs to do, including accessing debt or equity from international markets, the National Party says.

Boeing manufacturing issues could have implications for Air New Zealand’s Dreamliner fleet

Due to the impact of the coronavirus pandemic on air travel Air New Zealand has grounded its Boeing 777 fleet until at least September 2021, and will rely on its Dreamliner aircraft to do all of its long-haul flying in the interim.

Tom Cruise flies through the air four times for Mission: Impossible motorbike stunt

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