Air New Zealand has launched a “comprehensive review” of Air New Zealand Engineering Services (ANZES) because the unit has been “financially underperforming”.
The airline has warned it will exit business areas that are unprofitable as it continues to cut costs from its operations.
Air New Zealand’s associated businesses, which include the maintenance unit and airport services, made a 35% lower contribution to the group’s 2004/5 financial results, says outgoing managing director and chief executive Ralph Norris.
EMMA KELLY/PERTH
Source: Flight International
