I got some old school 1970’s NG mags for sale, good reading and investment for the kids
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Pertinent to Air NZ:
Lifeline for our tourism sector when (not if) Australasian bubble is created to facilitate travel between the two countries.
Will make a huge difference to both countries.
Let's hope the bubble is in time for the Queenstown ski-season.
Note that Australian tourists & travelers account for 50% of all international visitors to NZ.
https://www.news.com.au/travel/trave...9c05a352c7bf95
https://www.tourismnewzealand.com/ma...ets/australia/
And it could be that there will just be Air NZ & Qantas flying the TransTasman routes for a while.
https://www.stuff.co.nz/business/ind...pe-for-level-3
First small steps.
That's strange clicking on the links are displaying two dead links.:confused:
Hmmm Duopoly... Yes it will bee interesting to see how long the two Governments tolerate seeing only their 2 "bailed out" National Carriers flying the Tasman...
Better put...how long Businesses will tolerate it..
Interesting to note that Hamilton airport announced to their shareholders that they do not expect any Air NZ services prior to October 2020.
Just trying to shake the dust and cobwebs out of these armchair analysts. We can however all agree that Sharesies has turned the old way of carefully placed and priced orders on its head. The number of times I've watched major support and resistance points be ignored by a cascade of 7 dollar trades these past few weeks has been surprising. But it provides much needed liquidity so life is not all bad.
Purchase request deposits particularly with Boeing are 15% (Etihad airlines recently forfeited theirs to cancel future orders). A 787-10 has a ticket price of US$338m so ~ US$50m deposit lost for the additional Boeing 787 alone (albeit the older model might have been slightly cheaper but on less favorable deposit terms)
https://www.dw.com/en/boeing-battere...ode/a-53200615
Chris Luxon let it slip a while back that the Dreamliners are costing them $US150m each. One of the middle east carriers the other day was reported to be getting a 55% discount on original contract retail price , but demanded another 15% off the already discounted price or they can keep them. Boeing caved in from what I read, (despite deposits paid that they could have retained) and they got them for $US$130m.
Bottom line Boeing and Airbus desperately need to keep building and delivering aircraft and airlines have no need for new aircraft at present.