Here it is
http://www.stuff.co.nz/business/indu...-vehicle-fleet
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Fantastic...so they have expended million of dollars of shareholders money on a fleet of electric vehicles when the economics of same have never looked worse...and they save in a whole year what amounts to half a tank of fuel into one Dreamliner for one flight. Sorry Mr Luxon but I am most underwhelmed. You should have paid that money out as a better interim dividend.
I suppose the counter argument is AIR are showing sustainability leadership, are perceived to be a good corporate citizen and its very good for public relations, staff morale and the companies image generally. I suppose in the context of a company with turnover looking to grow to $5.5 billion the positive effects outlined in the counter argument have some chance of being of rational economic sense.
Might make for a good discussion point at the next annual meeting.
Yes, that's an underwhelming "big" announcement
Was hoping for something exciting like "we are keeping the 767s around for longer" or "we are announcing AKL- Hobart/Taipei/Manila" or "We are moving to an all ATR fleet for regional operations"
Fantastic responsibility taken though re climate change ; leading for others to follow; full marks.
not really though? All they are doing is giving that perception that they are doing something about climate change.
They save half a tank of dreamliner fuel..this is nothing compared to the the fuel the planes use and emit.
BMW's even??? I'm trying to think about how the sales team needs these vehicles and how they use them --- no idea? Does the sales team go around to corporate clients?
I guess the question is "what is the value of this good PR?" Clearly it's not a good investment for the sake of saving fuel or reducing carbon outputs considering how much they must burn through in a year.
They could just cancel one flight and be twice as effective (fuel savings wise).
They save 65,000 litres a year and the company burns over 1 billion litres of fuel a year...sorry but that doesn't compute on the face of it but I guess every journey starts with a single step.
Corporate image, public perception, staff morale, public relations I can understand but the core numbers and economics themselves don't appear to make sense. I guess Brend we have to trust the guys making the big bucks know more than us other lowly, low visionary bean counters.
Good on you Air NZ for taking the initiative and doing this on your own. That is good corporate leadership.
We now need a government to help encourage more of this shift to the future, instead on sympathy for dinosaurs like Fonterra.
These environmental initiatives driven by their strategic intent of synergistically conceptualizing next-generation technologies.
Good on them
Greens leader James Shaw was impressed with what Luxon said at a breakfast function at Te Papa this morning.