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Aviation NEWS By
Neha Jain
Aviation NEWS Reporter
Aviation NEWS By
Neha Jain
Aviation NEWS Reporter
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1. Virgin stake a step in Air NZ's global march
AIRLINES: Air New Zealand says it is eager to further develop its relationship with Virgin Australia as part of a wider strategy to extend its global reach through partnerships.
Air NZ chairman John Palmer told the airline's AGM in Auckland yesterday that it was pursuing a long-term strategy of extending its global reach without extending its balance sheet.
"In future, partnerships will continue to be a core part of our strategy as we continue to enhance our reach and attract customers on to our services," Mr Palmer said. "The recent formation of the trans-Tasman alliance with Virgin Australia and the purchase of the shares in Virgin Australia demonstrates this strategy in action."
Air NZ announced this week it was taking up an equity derivative in Virgin shares that allows it to increase its stake by up to 5 per cent, subject to foreign ownership limits.
This would take its holding to 19.99 per cent, just below the trigger for a full bid.
The airline has said it does not intend to go beyond this point. However, it is understood it will seek board representation on Australia's second-biggest carrier.
Air NZ chief executive Rob Fyfe said the Virgin trans-Tasman alliance was a key part of the Air NZ's strategy.
The airline a platform to allow it to participate more effectively in the entire Australasian market "with the most extensive network offering in the region".
"The relationship with Virgin Australia is developing well and the early feedback from customers has been positive," he said. "One of our priorities for the near future is to explore opportunities to develop this relationship further."
Mr Fyfe also emphasised the importance of the trans-Tasman market and noted that the success Air NZ was enjoying with its new Seats to Suit fares was far better than expected.
"Load factors have increased despite capacity increasing, which is a great result," he said. "Air New Zealand has captured all the growth in the market since its introduction."
Air NZ also remains confident of an improved result for fiscal 2012. Mr Palmer said: "The board has confidence in the company's ability to adopt through the current volatile conditions and return stronger profitability in the medium term."
2. Air NZ, Wellington Airport named best in Australasia
Air New Zealand has been named the leading airline in Australasia for the third year running at the prestigious World Travel Awards.
Bruce Parton, Air New Zealand's Group General Manager Australasia, said it was great to be recognised again as "the airline that provides the best service in the Australasia region".
"It is a testament to the ongoing commitment to excellence shown by our people."
Also recognised as the best in the region at the awards were Wellington International Airport, Tourism New Zealand and two Queenstown businesses: Millbrook (leading golf resort) and The Spire (leading boutique hotel).
The annual awards are voted on by travel agents and by executives working within travel and tourism.
Winners are named across a number of regions, with the world's best in each category due to be announced at a gala dinner in Qatar later this year.
Wellington International Airport beat out Auckland, Melbourne, Nadi, Sydney and Tahiti Faa'a airports in being named Australasia's leading airport, though it's not been nominated in the 'world's leading airport' category, while Auckland and Sydney have.
Wellington airport has been nominated as one of the leading airports in Australasia each year since 2007, but this is its first win.
The airport's dual-use international and domestic terminal, The Rock, has been fully operational for a year and was developed in preparation for the Rugby World Cup.
"Our entire team can be very proud of this commendation," said the airport's CEO John Howarth.
"We put a lot in to delivering service at the highest possible levels and being recognised for doing so is incredibly satisfying for us all."
It's the second consecutive year Millbrook has been named Australasia's leading golf resort.
Millbrook's director of golf, Brian Spicer, said the accolade was "a reinforcement of what we've been doing for the last couple of years and certainly a prestigious award for us to retain".
The resort had yet to decide whether to send anyone to the announcement of the World Travel Awards in Qatar, he said.
Representatives from The Spire in Queenstown were on hand to collect their award when it was named Australasia's best boutique hotel at a ceremony in Thailand earlier this week.
Directors Amelia and Lucy Gain told an interviewer at the awards they were "very happy" with the result, especially as they'd only been at The Spire for ten months.
In addition to recognising accommodation, transport and travel experience providers, the awards give a nod to tourism boards, with Tourism New Zealand named the best in Australasia for the second year running.
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