Manufacturers had been eagerly awaiting Air NZ’s decision on a replacement for its fleet of Boeing 777-200.
Airbus, with its new A350, had all been but ruled out by industry observers last week because of the cost and complexity of introducing another wide-bodied jet to a small fleet.
The choice therefore was between the new Boeing 777-900 and a later model of the Boeing 787 Dreamliner, the Dash 10.
Air NZ today confirmed the decision to purchase eight Boeing 787-10 Dreamliner aircraft powered by GE Aviation’s GEnx-1B engines.
At today’s list prices, the agreement represents a value of US $2.7 billion. Continue reading “Air NZ fleet replacement: good news for Boeing as Dash 10 is favoured”
How does a PM restore business confidence?
Jacinda Ardern gave us her answer today: she has set up an advisory council.
This may well be the result of her taking advice from some other advisory council, board or commitee – or the idea might have dawned on her without any advice.
Whatever, Ardern announced the new council while addressing the issue of flagging business confidence in a speech to a business audience
She mused on what business confidence survey results are actually telling the government and referred to “a business confidence paradox” which she proceeded to describe: Continue reading “Business confidence might not rise – but the number of advisory groups has been lifted”
“Shane Jones tears strips off Fonterra and says the chairman should ‘catch the next cab out of town’”.
It’s another headline to propel the NZ First Cabinet minister up the political leaderboard. Maybe he’s learning from Donald Trump.
Jones’ latest outburst follows an earlier broadside against another iconic NZ company, Air NZ, suggesting its chairman step down and its CEO stay out of politics.
Is there some connection between the two onslaughts? Could Jones have heard the speculation that Air NZ CEO Christopher Luxon may be on the short list to replace Fonterra’s Theo Spierings (who announced earlier this year he is standing down as CEO after seven years in the job)?
Jones does not shrink from the role of being NZ First’s attack dog. What better way to keep your party (and yourself) in the news?
But this under-estimates Jones as a politician. He is much smarter than that. Continue reading “Assailing corporate leadership helps lift Jones up the political leadership ladder”