:confused: QK is the code for Jazz, a Canadian Regional Airline.
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Today at the hearing into the Wellington airport expansion, the Wellington airport gave evidence that they and airnz expect things to be back to normal flight levels, with a covid19 vaccine, by 2021.
Let's see if this optimistic prediction ages well.
It's a combination of local politicians wanting a legacy project, and their erroneous assumption that carriers were lining up to fly long haul to Wellington pre-covid. Infratil didn't even want to even stump up their full share of the project cost compared to their equity in the airport company, which tells you how much return they expect to see from it.
Singapore Airlines had to be subsidised by Wellington ratepayers to fly the Singapore-Melbourne-Wellington route, to the tune of $800,000 per year. Air NZ has stated they have no interest in flying long haul out of Wellington with a runway extension, and that was all in pre-covid times. Seems like a huge expenditure for questionable and uncertain gains.
Foran's 800 day plan is for travel to be back to 70% by August 2022. I think he's very optimistic.
This is a big point a large number of people don't understand.. pointless to preach this since most in the investing community don't have a scientific background so don't actually understand how these things work.
Especially cringe when I hear CNBC news telling me the market went up on VACCINE HOPE!@!@
The amount of time its taken AIR to short out the basics of PPE and Crews surely indicates why as investors we have always traded NZ stocks since it almost impossible to determine there performance until its to late. FBU ect.
It also shows that NZ AIR and the government have found the logistics of implementing new behavioural systems , IT , train civilian staff at all part of the chains to be a SLOW process taking months. It will take much much longer to get a system in place for a safe opening up of parts of the border. Hence why many of the old hands here are waiting for a much lower share price or maybe have removed air lines off the investing radar for good.
AIR getting 4 new Dreamliner engines delivered. Hopefully they will work as expected https://www.stuff.co.nz/business/ind...ckland-airport
Great, they finally get these engines when they no longer need them. That's Rolls Royce "service" for you.
Speaking of so called RR service standards....why do I get the feeling that AIR are simply playing Russian Roulette with passenger safety ? https://www.stuff.co.nz/business/122...mestic-flights
yes i have posted a couple of those. Amazing ..... leads to assume more companies and organisations in NZ are run like that....she 'll be right ...