AIR - Air NZ.

[biker]

I see there's an attempt to crowd fund saving the last AIR 747-400 from the scrap yard, (need to raise $2.5m)...the mind boggles as to how much of that goes to in administration to the person running the campaign. If people are interested in investing in AIR for philanthropic / nostalgia reasons maybe that's a better investment ?

That’s a very nasty slur Beagle. Shame on you. Do you know who’s running the campaign? Do you have some background knowledge of their actions or intentions?
If not then I suggest you keep you very unpleasant, toxic comments off this forum.

[777]

That’s a very nasty slur Beagle. Shame on you. Do you know who’s running the campaign? Do you have some background knowledge of their actions or intentions?
If not then I suggest you keep you very unpleasant, toxic comments off this forum.

Great post.

[777]

Double post.

[Dassets]

I will say this again after saying it over 12 months ago. AIR should drop into receivership, grab what it needed to operate critical air bridge for NZ high value export support. This way you can terminate the ridiculous employment handcuffs. Over time expand a dedicated freight operation and run limited long haul pax op. If you run the carbon numbers AIR should have to bid on carbon restricted pax routes. It is going to burn cash at an extraordinary rate going forward.

Effectively this is NZs biggest social welfare program , one that is paying some beneficiaries over $400,000 a year.

[BlackPeter]

I will say this again after saying it over 12 months ago. AIR should drop into receivership, grab what it needed to operate critical air bridge for NZ high value export support. This way you can terminate the ridiculous employment handcuffs. Over time expand a dedicated freight operation and run limited long haul pax op. If you run the carbon numbers AIR should have to bid on carbon restricted pax routes. It is going to burn cash at an extraordinary rate going forward.

Effectively this is NZs biggest social welfare program , one that is paying some beneficiaries over $400,000 a year.

Great post, however - looking at the remuneration of the beneficiaries you forgot one order of magnitude.

Here are the top AIR salaries from last years remuneration report - and I copied only the numbers above $400,000 p.a.:

AIR pigsattrough.JPG

Top earner (not sure - was this Greg Foran, he started only early 2020?) weighed in at 4.4 million dollars per year! Great tax payer paid benefit ... could I have one of these as well?

[Beagle]

Great post, however - looking at the remuneration of the beneficiaries you forgot one order of magnitude.

Here are the top AIR salaries from last years remuneration report - and I copied only the numbers above $400,000 p.a.:

AIR pigsattrough.JPG

Top earner (not sure - was this Greg Foran, he started only early 2020?) weighed in at 4.4 million dollars per year! Great tax payer paid benefit ... could I have one of these as well?

I agree 100%. Its clear this company is only trading at the behest of the Govt and with its social welfare support and therefore all employees should have their salaries capped at the already extremely generous state salary sector level's.

[xp04]

Air NZ resumes Taiwan passenger service for first time since pandemic began


https://www.stuff.co.nz/business/ind...pandemic-began

[Dassets]

B757 pilots working for the govt get between $70t to around $120t per annum. I can understand that some of the AIR pilots may have more experience. Maybe apply the nurses seniority bonus of $3t a year. A pilot after 20 years after hitting 120t could justify 180t salary so say 30 years into the career.

[Beagle]

B757 pilots working for the govt get between $70t to around $120t per annum. I can understand that some of the AIR pilots may have more experience. Maybe apply the nurses seniority bonus of $3t a year. A pilot after 20 years after hitting 120t could justify 180t salary so say 30 years into the career.

That seems like a good basis for a complete reset of AIR's bloated cost structure fueled by a widespread "entitlement culture" (my opinion based on a number of discussions with several senior AIR employees), within the company. Apply the same remuneration structure across engineering too. If people don't like it they can always try and get a job elsewhere.

It won't happen though because nobody is brave enough to make these tough calls...

[James108]

I’m not sure how much pilots earn but I know it is a highly skilled position and requires years of training in flight school at great expense and then more years flying small aircraft before they have “made it”. I knew a pilot flying small aircraft doing in PNG to get the hours.

On top of that the hours/conditions are I imagine worse than a 9-5. I don’t mind them being well remunerated.

Cabin crew are definitely very poorly remunerated for the hours they do.

I’m a lot more sympathetic to the air crew than execs on $4m/year.