Air New Zealand CFO, Robert McDonald, warned of further airline bankruptcies and consolidation, as a potential stabilisation in global aviation demand is offset by rising fuel prices and funding challenges (Dow Jones, 04-Aug-09). Mr McDonald stated airlines will face increasing funding challenges in 2H2009 and early 2010, as carriers seek to finance aircraft delivery obligations amid tight credit market conditions.
Air New Zealand CFO warns of further airline bankruptcies, consolidation and funding challenges
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Air NZ, China Eastern, Malindo, PAL, Spring, BOC’s Martin, Mactan-Cebu win CAPA Asia Pacific awards
China Eastern Airlines, Malindo Air, Philippine Airlines and Spring Airlines scooped the airline awards at the 2016 CAPA Asia Pacific Aviation Awards for Excellence, held on 15-Nov-2016 in Singapore as part of the 2016 CAPA Asia Aviation Summit. BOC Aviation CEO Robert Martin received the executive award, while Mactan-Cebu was the airport winner and Air New Zealand won in the innovation category. Spring Airlines founding CEO and chairwoman Zhang Xiuzhi was recognised with the CAPA Legends Award (CAPA Hall of Fame).
Now in its fourteenth year, CAPA’s Aviation Awards for Excellence are intended to reward airlines and airports that are not only successful but have also provided industry leadership in an always changing environment. At a time of industry upheaval, our winners are adopting strategies that offer new directions for others to take.
Initially limited to Asia Pacific and the Middle East, the awards were expanded by CAPA in 2012 to include all regions. This year the Aviation Awards for Excellence were presented at two gala dinners – one for the global industry on 27-Oct-2015, and one for Asia Pacific including the Middle East on 15-Nov-2016.
Air New Zealand defends Australia-USA transit market as Qantas plans further USA growth with 787-9s
Air New Zealand is turning up the volume. For years the airline had a tidy, under-the-radar business carrying transit passengers between Australia and the US over its Auckland hub. Air NZ is now directly targeting the Australia-USA market with a sales and marketing push that includes an advertising campaign called "Better Way to Fly". CEO Christopher Luxon said in a statement that "capturing just a little bit more of that market would see hundreds of thousands more Aussies flying with us to North and South America...Many Australian travellers still think of us as a trans-Tasman carrier and that’s a perception we’re determined to change."
The shift that Air NZ envisages is being sought now – and not five or even 10 years earlier – largely because of external factors and competition. Air NZ's marketing may suggest an opportunistic push, but the reality is Air NZ is on the defensive. In the Australia-Americas market competitors have lowered their costs, adding city pairs, product improvements and significant capacity growth. 2017 and 2018 are expected to mean even more growth as a resurgent Qantas adds 787-9 services between Australia and the US, and in particular – to Dallas.