AIR air new zealand limited (ns)

Ann: GENERAL: AIR: Changes to Hong Kong and Londo

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    • Release Date: 06/11/12 11:03
    • Summary: GENERAL: AIR: Changes to Hong Kong and London services
    • Price Sensitive: No
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    AIR
    06/11/2012 09:03
    GENERAL
    
    REL: 0903 HRS Air New Zealand Limited (NS)
    
    GENERAL: AIR: Changes to Hong Kong and London services
    
    Air New Zealand will withdraw services between Hong Kong and London from 4
    March 2013, as the airline continues to implement initiatives to improve
    profitability on its Long Haul international network.
    
    In a separate move, the airline has also formed a strategic agreement with
    Cathay Pacific on the Auckland-Hong Kong route. This is in line with Air New
    Zealand's strategy to create an alliance-based network with a Pacific Rim
    focus.
    
    Chief Executive Officer Rob Fyfe says a comprehensive review of the Hong
    Kong-London service confirmed the route would not become profitable in the
    foreseeable future. A reduction of approximately 70 London based cabin crew
    roles is expected as a result.
    
    "At the same time, we wanted to strengthen our presence in Hong Kong which is
    an important market and vital gateway into Mainland China for Air New
    Zealand. In line with this we have received approval from the New Zealand
    Minister of Transport to form a strategic agreement with Cathay Pacific
    effective from 12 December 2012."
    
    "The agreement will see both carriers continue to operate the same frequency
    between Auckland and Hong Kong while introducing code share on each other's
    flights as well as opening up excellent connections between New Zealand and
    Mainland China," says Mr Fyfe.
    
    Air New Zealand operates daily year round services between Auckland and Hong
    Kong while Cathay Pacific operates daily year round services and up to double
    daily in the peak period between 2 December and 1 March.
    
    Mr Fyfe says the decision to exit from Hong Kong-London will enable more
    capacity to be redeployed onto the popular North American destinations of Los
    Angeles and San Francisco. Last month Air New Zealand announced a further
    5,000 return seats to its North American routes through to the end of June
    2013. Releasing capacity from Hong Kong-London enables the continuation of
    this additional capacity.
    
    "We're excited about our upcoming move to the Tom Bradley terminal at LAX
    where Air New Zealand has been contracted to design and operate a brand new
    and much improved Star Alliance lounge, making Los Angeles a great place to
    connect through to London or destinations further into Europe. We remain
    committed to servicing Europe via these daily Los Angeles-London services."
    End CA:00229375 For:AIR    Type:GENERAL    Time:2012-11-06 09:03:53
    				
 
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