NewsBite

Astivita Limited

December 2014

StarMine Awards 2014: Qantas call wins CIMB’s Mark Williams top stock-picker gong

Holding a ‘buy” on Qantas as it rallied 34 per cent has seen CIMB’s Mark Williams named top stock-picker analyst in the 2014 StarMine Awards.

  • Sally Rose

October 2014

Queenstown: more than just mountains

Glorious new places to eat, sleep and play make Queenstown alluring even to the extreme sport-averse.

  • Updated
  • Lucille Keen

September 2014

Does Australia need a Chapter 11?

Chanticleer | Heavy losses at Qantas have inevitably resurrected conversations about the collapse of Ansett in 2001 and if Australia’s insolvency laws are the adequate framework for dealing with distressed companies in the 21st century.

  • Updated
  • Michael Smith

June 2014

Air New Zealand expands fleet with Airbus purchase

Air New Zealand has signed a deal to purchase 13 next generation Airbus A320s in a move that will cut its fuel use by up to 15 per cent on its trans-Tasman and Pacific Islands flights.

  • Updated
  • Jamie Freed

May 2014

Etihad, Air NZ CEOs to join Virgin board

Representatives of Virgin Australia Holdings’s three major airline shareholders are expected to join its board in July, says Etihad Airways chief executive James Hogan.

  • Updated
  • Jamie Freed
Advertisement

January 2014

Airline rivalry will hurt Qantas more: Virgin’s Borghetti

Virgin CEO John Borghetti has suggested Qantas underestimated his ability to hurt the carrier’s corporate market share.

  • Updated
  • Michael Smith

October 2013

First-class gig a Shaw bet

The very same week that Macquarie’s intrepid aviation analyst Russell Shaw suggested in a research paper that Virgin Australia was likely to be privatised by its major shareholders Air New Zealand, Singapore Airlines and Etihad Airways, he’s gone and got himself a new job. And guess where?

Virgin investment offers upside for Air NZ: Macquarie

Air New Zealand’s 23 per cent stake in Virgin Australia should provide ‘healthy’ earnings contribution over time, Macquarie analyst Russell Shaw says.

  • Updated
  • Sarah Thompson, Anthony Macdonald and Gretchen Friemann

Air NZ likely buyer of 63m Virgin shares

Air New Zealand appears to have wasted no time increasing its Virgin Australia stake, with a parcel of 63 million shares changing hands on Tuesday evening.

  • Updated
  • Sarah Thompson, | Anthony Macdonald | Gretchen Friemann

May 2012

Company briefs

Air New Zealand emerged as the buyer responsible for a line of 52 million Virgin Australia shares that changed hands yesterday, taking delivery of part of a holding previously held in an equity derivative. Air NZ said its physical shareholding in Virgin – its trans-Tasman alliance partner – rose to 18.49 per cent with an additional derivative exposure of 1.5 per cent.

  • Updated

NZ government selling down Air NZ stake

There is a large line of Air New Zealand shares to be sold over the coming year or two, and it looks like a sale Credit Suisse would be more than happy to handle.

  • Sarah Thompson and Anthony Macdonald

March 2012

Moody’s says Air NZ credit unchanged ‘stable’

The credit quality of Air New Zealand will be unaffected by its acquiring a 14.9 per cent holding in Virgin Blue Holdings, Moody’s Investor Service said.

  • Updated
  • Paulina Duran

February 2012

Fyfe to leave Air NZ ahead of selldown

Air New Zealand chief executive Rob Fyfe will leave the airline at the end of 2012, clearing the way for a new head as the government prepares to sell down its controlling stake.

  • Updated

Air NZ boss seeks new pasture

Mr Fyfe, who has transformed Air NZ from a state-funded catastrophe to an industry leader since he took the top job in 2005, said yesterday he would step down in December.

  • Updated
  • Michael Smith

June 2011

Grounded Qantas firm on ash safety

The volcanic ash cloud that put an end to most flights into and out of Melbourne and Tasmania on Sunday disrupted travel plans yesterday.

  • Updated
  • Andrew Cleary
Advertisement

February 2011

Air NZ first-half profit climbs

Air New Zealand, which recently bought a stake in Virgin Blue, said its first-half net profit rose to $NZ98 million from $NZ56 million in the year-earlier period.

  • Updated
  • Andrew Cleary

October 2010

Fletcher rebuilds NZX losses

Leading shares Fletcher Building and Contact Energy reversed Wednesday's losses in early trade in New Zealand, after a bounce back by equities in the US.

  • Updated

April 2010

Airlines seek far and wide to save fuel

Australasian airlines are experimenting with a combination of fuel-saving measures but are yet to find the silver bullet needed to meet ambitious carbon reduction targets.

  • Updated
  • Michael Smith

February 2010

Brief: Air New Zealand

Air New Zealand lifted net profit 133 per cent to $NZ56 million in the six months ended December 31.

Original URL: https://www.afr.com/company/air-59