HR Flashcards
1
Q
1940’s
A
- founded as TEAL
- began with flying boats running from Aucklands Waitemata Harbour to Sydney
2
Q
1960’s
A
- NZ govt brought full ownership of TEAL
- rebranded as Air NZ (1965)
- began flying to US and Asia in the DC-8
3
Q
1970’s
A
- began operating DC-10’s
- expanded their routes
- end of 1970’s Erebus disaster killing 257 (DC-10)
4
Q
1980’s
A
- First B747 arrived
- Air NZ was privatised (1989)
5
Q
1990’s
A
- Acquired 100% of air Nelson, mount cook and eagle airways
- late 90’s Air NZ purchased Ansett - Ansett collapsed and put Air NZ in a bad financial position where they made a 1.3B loss
6
Q
2000’s
A
- brink of collapse, NZ govt offered a rescue package incl $900m boost to take up 80% ownership of the company
- launched new low cost airfare model
- announced purchasing new beechcraft 1900
- first ATR72-500 purchased - Last one replaced recently
- new order A320-20
- 23 Q300 ordered (still in operation)
Majority of ticket sales went to being purchased online
7
Q
2010’s
A
- first 777-300ER
- first ATR72-600 - now operates 29
- Nz govt reduced share to 53%
- first B787-9 Dreamliner
- ordered new 787-10 Dreamliners
- announced non stop AA-NY
- Greg Foran announced new CEO
- air nz consolidated mount cook and air Nelson AOC to be under Air NZ’s
8
Q
2020’s
A
- COVID
- announced reducing long haul capacity by 85% and cutting 30% of staff
- Govt offered $900m Loan
9
Q
Recent
A
- underwent equity raising, raising a further 1.2b, that along with the govt loan had allowed Air NZ to move from the survive stage to the revive stage of the Kia Mau Strategy
- with international flights resuming and increased pax numbers they’re looking to make their first profit since 2020 and pay back the govt Loan
- under Greg Foran, Air NZ have undertaken the corporate strategy of Kia Mau, where they’re aiming to survive, revive and thrive through covid - over the next 5 years they want to thrive by their 3 revenue opportunities - grow domestic, optimise international and lift loyalty
- they’re aiming to do this by the 4 business drivers - brilliant basics, serious about sustainability, digital dexterity and prioritising people and safety
10
Q
Future
A
Looking into the future…
- Air nz have recently had their first delivery of SAF arrive in the country
- they’ve just announced a goal of flying zero emission aircraft with the aim of flying its demonstration by 2026
- New A321neo arrived for domestic use
11
Q
Tiake Promise
A
- Tiake means to care and protect
- protect nature
- keep NZ clean
- drive carefully
- be prepared
- show respect
12
Q
Kia Mau strategy
A
In the next 5 years to deliver on a thriving air nz:
- grow domestic
- optimise international
- lifting loyalty
13
Q
4 business drivers
A
- brilliant basics
- serious about sustainability
- digital dexterity
- prioritising people and safety
14
Q
Air NZ fleet
A
- 777-300ER x1 (6 in storage)
- 787-9 x14
- A320 short haul x1
- A320 domestic x17
- A320neo/A321neo x13 (7 on order)
- ATR72-600 x29
- Q300 x23
15
Q
IAANZ core values
A
- Everyone gets home safe
- One crew
- Own it
- Seek excellence
- Passion for learning
16
Q
Air nz employees/fleet
A
Employs over 8000 people and has a fleet size of 98 aircraft
17
Q
1950’s
A
- NZ govt brought 50% shares of TEAL, Aus govt brought the other 50%