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Thread: AIR NZ

  1. #1
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    Default AIR NZ

    Has Air NZ clawed it's way back into consideration?

    From the Herald article "Flying high from a hospital pass" Sept 19 2004

    Question from Herald hack, CHRIS DANIELS.

    (Are you) surprised at the quick turnaround? The sheer speed of the recovery?

    Answer from JOHN PALMER chairman of Air New Zealand.

    "To be honest, yes. To think we could have made the sort of progress in 2 1/2 years that we have made is not something I would have been betting on at the time."

    AIR NZ plans to pay 25-35% of profits (this year $166m) as a dividend in 2005.

    Is AIR NZ worth buying?
    \"The overweening conceit which the greater part of men have of their own abilities [and] their absurd presumption in their own good fortune.\" - <b>Adam Smith</b> - <i>The Wealth of Nations</i>

    The information you have is not the information you want.
    The information you want is not the information you need.
    The information you need is not the information you can obtain.
    The informaton you can obtain costs more than you want to pay.

  2. #2
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    certainly a pretty unique airline in the world business - making money and working to change the airline's outdated culture. Norris has done a good job injecting new blood... is it worth a buy?? well - it was a better play before the rationalisation
    try underwater salvage... cos its there... somewhere... maybe...

  3. #3
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    rmbbrave, you would be a braver person than I to risk your money on Air New Zealand.
    om mani peme hum

  4. #4
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    Trading halt.... hmmm
    try underwater salvage... cos its there... somewhere... maybe...

  5. #5
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    They've just done a deal with Rolls Royce to service their (RR's) engines. Confirms ongoing revenue.

    Trading halt due to expected announcement of High Court decision on Qantas/Air NZ merger.

    A red letter day for Air?
    Marriage isn't a word. It's a sentence

  6. #6
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    THE KING says even as a shareholder of Virgin Air flying back to Wellington 6 Oct on QANTAS because of price they beat AIRNZ, But today when you fly you must shop around on internet for best price and it changes by the Day and even by the HOUR.. [^]

  7. #7
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    I have always though Air NZ is a company that could be competitive internationally because planes, fuel and landing fees cost all airlines pretty much the same. However, wages vary from country to country. NZ has the lowest wages in the OECD meaning AIR NZ should be more competitve than American, European, Aussie and some Asian based Airlines airlines at least.

    There are disadvantages of course, one being that NZ is at the end of a line. The other was an over-adventurist management with delusions of grandeur that led to the Ansett disaster. Lets hope the management have learnt their lesson.

    However they may not have - as they are still squandering time and money persuing a Quantas merger which all (except Quantas and Air NZ) know is anti-competitive.
    \"The overweening conceit which the greater part of men have of their own abilities [and] their absurd presumption in their own good fortune.\" - <b>Adam Smith</b> - <i>The Wealth of Nations</i>

    The information you have is not the information you want.
    The information you want is not the information you need.
    The information you need is not the information you can obtain.
    The informaton you can obtain costs more than you want to pay.

  8. #8
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    so its a no from the Court - I guess noone really factored on a reversal
    try underwater salvage... cos its there... somewhere... maybe...

  9. #9
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  10. #10
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  11. #11
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    rmbbrave

    Have to disagree about the delusions of grandeur comment that led to the Ansett disaster.

    The history is quite different, and it is more about a NZ company being screwed by politicians in Australia. One minute they had an open-skys policy; the next they didn't.

    Under the conditions of the time what Air New Zealand where trying to do was sound strategy.

    We can all get it right with the benefit and accuracy of hindsight.

  12. #12
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    20m brought them the 2 years required to recover, rather than have Qantas finish them off. Probably 20m well spent......

  13. #13
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    THE KING says when the stock hite $1 ,, Buy till your pants fall off..[V][V][V]

  14. #14
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    Well the upcoming rights issue might give you cheap entry. I suspect it will be renoucable, tradable and the govt will take to oportunity to reduce it's holding...

    http://www.stuff.co.nz/stuff/0,2106,3039709a13,00.html


  15. #15
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    For you techies - Air NZ has support @ around $1.80 (todays close.)

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