Jet Airways announced (13-Jun-2013) the appointment of Gary Kenneth Toomey as new CEO, subject to government requisite approvals including security clearance. Mr Toomey previously served as president and CEO of Air New Zealand, CEO of Airlines Papua New Guinea and deputy CEO, chief financial officer and executive director of Qantas. [more - original PR]
Jet Airways appoints Gary Toomey as new CEO
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Air New Zealand defends Australia-USA transit market as Qantas plans further USA growth with 787-9s
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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.
Air New Zealand FY2016: record profits. Growing competition means it is time to move upmarket
For an airline that is not large, Air New Zealand has been remarkably successful, now, notably in FY2016. It has selectively established helpful partnerships and, elsewhere, largely remained under the radar. It has excelled at marketing, and at market positioning.
But its home country is no longer the secret – or as inaccessible as – it used to be. That is a growing challenge for Air New Zealand, which for years has quietly and effectively exploited the limited competition. Two new entrants to Auckland in the North American market, and more nonstop capacity from North America to Australia – a 6th freedom staple for Air NZ, will elevate the threats. In the peak summer Chinese airlines will have one third as much capacity into New Zealand as Air NZ has long haul capacity to the world. The New Zealand government has considered granting fifth freedom rights for unserved routes. Domestically, Jetstar is challenging Air NZ on select regional routes.