AIR air new zealand limited (ns)

Ann: GENERAL: AIR: Air New Zealand and Singapore

  1. lightbulb Created with Sketch. 2
    • Release Date: 16/01/14 15:37
    • Summary: GENERAL: AIR: Air New Zealand and Singapore Airlines form alliance
    • Price Sensitive: No
    • Download Document  2.6KB
    					AIR
    16/01/2014 13:37
    GENERAL
    
    REL: 1337 HRS Air New Zealand Limited (NS)
    
    GENERAL: AIR: Air New Zealand and Singapore Airlines form alliance
    
    Air New Zealand and Singapore Airlines have agreed to form an alliance
    enabling Air New Zealand to fly the Auckland-Singapore route again and
    Singapore Airlines to operate the Airbus A380 to New Zealand for the first
    time.
    
    The A380 would be operated daily by Singapore Airlines between Singapore and
    Auckland, progressively replacing an existing daily service with the smaller
    Boeing 777-300ER. Air New Zealand would launch daily services between
    Auckland and Singapore using newly refitted Boeing 777-200ER aircraft, taking
    over five flights currently operated by Singapore Airlines and adding two
    more weekly flights, increasing the frequency to daily.
    
    Subject to regulatory approvals, the carriers would aim to boost their
    existing capacity between New Zealand and Singapore by up to 30% year round
    over time.
    
    Singapore Airlines' daily Singapore-Christchurch service would continue as
    part of the alliance.
    
    The proposed alliance would enable Air New Zealand passengers to access
    codeshare travel on the Singapore Airlines network to South East Asia, the
    United Kingdom and Europe and Africa as well as on the network of its
    regional subsidiary airline, SilkAir. Singapore Airlines' customers would be
    able to access codeshare travel across the Air New Zealand domestic network
    and to selected international destinations.
    
    Air New Zealand Chief Executive Officer Christopher Luxon says, "Air New
    Zealand is on a positive growth trajectory with a clear focus on Pacific Rim
    destinations. An alliance with Singapore Airlines clearly fits our business
    objectives of working with the right partners in the right markets to deliver
    seamless customer journeys."
    
    Singapore Airlines Chief Executive Officer Goh Choon Phong added, "This
    alliance is another example of our commitment to the important Southwest
    Pacific market, and our commitment to the further enhancement of our network.
    This is a genuine win-win partnership, enabling Singapore Airlines and Air
    New Zealand to work together to provide more flight frequency and enhanced
    travel options to our customers."
    
    The alliance would see Air New Zealand's 'NZ' code return to Singapore
    Airlines' network for the first time since 2007. Air New Zealand last
    operated to Singapore in 2006.
    
    The parties are seeking approval for the alliance from the Competition
    Commission of Singapore and the New Zealand Minister of Transport.  Pending
    approval, flights could commence as early as December 2014.
    
    ENDS
    End CA:00246124 For:AIR    Type:GENERAL    Time:2014-01-16 13:37:22
    				
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.