Air New Zealand confirmed its intent to raise additional capital in 2021, while the government expects to remain the company’s largest stakeholder following the process.
Air New Zealand plans to make further significant cuts to its international flight attendant workforce as it switches more passenger flights to cargo-only.
Air New Zealand plans to ground its Boeing 777-300ERs until at least September 2021, extending its estimate of how long these aircraft will be out of service.
Air New Zealand reported its first annual loss in 18 years, attributable to the COVID-19 pandemic, and the carrier expects another loss for fiscal 2021, which began July 1.
A new event is being launched by Routes which will provide an innovative platform for the aviation industry to rebuild air services in the post-pandemic era.
With COVID-19 travel restrictions easing in parts of the world, airlines are gradually rebuilding their networks. Routes analyzes some of the services returning as well as new routes being launched. This week: airBaltic’s new route to Dublin; Air New Zealand resuming flights to Tokyo; and Luxair re-entering a market it last served in 2007.
Air New Zealand has revealed plans to restore many of its domestic routes when the country’s travel restrictions are reduced, which could occur within the next week.
Air New Zealand is axing two of its long-haul routes and shelving plans for another as it becomes apparent that much of its widebody fleet will be parked well into next year.
Air New Zealand has postponed the launch of its long-awaited nonstop Auckland-New York service until late 2021 “at the earliest” and confirmed two other international long-haul routes will not return to its network.
Air New Zealand and Qantas are making further major cuts in capacity, suspending most international flights and grounding aircraft in response to the COVID-19 coronavirus pandemic.
