BNET Industries
Market Cap:$734.1M
Last Fiscal Year Sales:$3.2B
- Public
- NZ
Dow Jones Description
Domestic & International Air Passenger & Cargo Services; Aviation Overhaul & Maintenance Services
Chief Executive Officer
Robert FyfeNumber of Employees 10,713
Peer Companies
NAICS Code Scheduled Freight Air Transportation: 481112
Recent Events
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ANZ rides quick response to downturn to full-year profit
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Air New Zealand Profit Down 90 Percent
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PRESS DIGEST-Australian Business News - July 16
News & Analysis
Filter by
air new zealand ltd. and arthur andersen - All News and Analysis
Hazelton argues for more funds.
Oct 24, 2001 The Australian Financial Review ABIX via COMTEX -- Ansett Australia's regional subsidiary, Hazelton Air Service, is seeking money from Air New Zealand's payout to Ansett. The New Zealand airline was Ansett's former parent. A lawyer for Hazelton's administrator, Sims Lockwood, has...
Bluff wins the corporate gamble for Ansett revival.
Oct 15, 2001 (The Courier-Mail ABIX via COMTEX) -- Ansett Australia administrator Arthur Andersen used a bluff to help secure $A150m from former Ansett parent, Air New Zealand NZ. Desperate for cash to keep Ansett afloat, the firm approached Air NZ on 19 September...
Ansett gets $150m lift.
Oct 13, 2001 The West Australian ABIX via COMTEX -- A settlement between Air New Zealand NZ and its failed subsidiary, Ansett Australia Holdings, has been ratified. Federal Court of Australia judge, Alan Goldberg, ratified the package, which consists of $A150m in cash from...
Shares for flyer points.
Oct 12, 2001 The Advertiser ABIX via COMTEX -- Ansett's administrators are considering a plan that could turn some Ansett customers into shareholders in the resurrected airline. In early October 2001, it is thought that Mark Korda and Mark Mentha, from Arthur Andersen, are...
Ansett push for government loan.
Oct 11, 2001 The Australian Financial Review ABIX via COMTEX -- The Australian Government has been urged to provide an emergency cash advance to the embattled airline Ansett. The airline's administrator, Arthur Andersen, disagrees with the Government that a $A150m settlement from Ansett's former...
Singapore offered stake in Ansett.
Oct 8, 2001 The Canberra Times ABIX via COMTEX -- The administrator of Ansett Australia Holdings, Arthur Andersen, has offered Singapore International Airlines SIA a financial stake in the company. The offer was initially that SIA be engaged as a managerial consultant to assist...
Cash injection boost to recovery efforts.
Oct 5, 2001 The Australian Financial Review ABIX via COMTEX -- Ansett Australia's administrator, Arthur Andersen, has been valiant in its attempts to rebuild the collapsed airline. The $A150m cash injection into Ansett by its estranged parent, Air New Zealand Air NZ, cannot have...
Lifeline for Ansett as Kiwis bail out Air NZ.
Oct 5, 2001 The Australian Financial Review ABIX via COMTEX -- The New Zealand Government has handed Air New Zealand Air NZ a $NZ1bn ($A820m) lifeline. Air NZ has given its subsidiary, Ansett Australia, a $A150m cash injection, opening the way for Singapore International...
NZ bailout deal saves airline.
Oct 5, 2001 The West Australian ABIX via COMTEX -- Ansett Australia's attractiveness to buyers has been greatly enhanced by its $A200 million settlement with Air New Zealand Air NZ. The Air NZ settlement package after the NZ government bailed out the trans-Tasman carrier...
Administrator casts cloud over Ansett sale.
Oct 1, 2001 The Australian Financial Review ABIX via COMTEX -- Some Ansett Australia services resumed on 29 September 2001. The Australian Government has underwritten $A25m in Ansett ticket sales. According to the airline's administrator, Arthur Andersen, there have been five expressions of interest...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Robert Fyfe | Chief Executive Officer |
| Robert McDonald | Air New Zealand's Chief Financial Officer |
| David Morgan | General Manager, Operations, Standards & Safety |
| Ed Sims | Air New Zealand's Group General Manager |
| Glen Sowry | General Manager, Airlines Operations & Planning |
| Steve Bayliss | General Manager |
| Chris Nassenstein | General Manager, Anzes |
| Mike Tod | General Manager, Public Affairs & Group Communications |
| Norman Thompson | Group General Manager, Sales, Marketing |
| Sandy Butler | Manager, Advertising |
| Sarah Williamson | Manager, HR |
| Stephen Jones | General Manager, Freedom Air |
| Vanessa Stoddart | General Manager, HR & Organizational Change |
| John Blair | Secretary |
| Sarah Miller-Reeves | Public Relations & Sponsorship Executive |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| John Palmer | Chairman |
| Roger France | Deputy Chairman |
| James Charles Fox | Board of Directors |
| Jane Freeman | Board of Directors |
| John McDonald | Board of Directors |
| Kenneth Douglas | Board of Directors |
| Ron Cater | Board of Directors |
| Warren Larsen | Board of Directors |
Rob joined Air New Zealand at the start of 2003 as Chief Information Officer and led the Business Transformation team. Rob then held the position of Group General Manager Airlines from October 2003 until his appointment as Chief Executive Officer in October 2005. Prior to joining Air New Zealand, Rob held a range of Senior Management positions both within New Zealand and overseas, including roles with the National Australia Bank, Bank of New Zealand, Telecom NZ and ITV Group in the UK.
| Organization | Position | Status |
|---|---|---|
| Air New Zealand Limited | Chief Executive Officer | Current |
| Air New Zealand Limited | Chief Information Officer | Former |
| Bank of New Zealand | Former | |
| National Australia Bank Limited | Former |
Mr McDonald has had a notable career spanning 30 years in senior finance, management and board positions at Fletcher Challenge Limited. He has considerable international experience in management, in corporate governance best practice and has been a director and member of corporate governance and audit committees of the Canadian publicly listed Fletcher Challenge Canada Limited. Mr McDonald holds a Bachelor of Commerce degree from Auckland University, a Bachelor or Commerce and Administration (Honours) degree in Economics from the Victoria University of Wellington and is a graduate from the Advanced Management Programme at Harvard University Business School.
| Organization | Position | Status |
|---|---|---|
| Air New Zealand Limited | Air New Zealand's Chief Financial Officer | Current |
| Air New Zealand, Ltd. | Current | |
| Cooper's Inc. | Former | |
| Auckland University | Bachelor of Commerce Degree | Former |
| Victoria University of Wellington | Degree, Economics | Former |
| Organization | Position | Status |
|---|---|---|
| Air New Zealand Limited | General Manager, Operations, Standards & Safety | Current |
| Air New Zealand Limited | General Manager, Operations, Standards & Safety | Former |
Ed joined Air New Zealand in 2001 as Vice President of the airline's retail division, having previously held senior positions with the Virgin Travel Group and Airtours, Europe's largest packaged operator. In 2002, Ed became the Vice President Marketing & Alliances, a role which earned him the 2003 New Zealand Marketer of the Year and the 2004 Tourism Industry Marketing Innovation Award. Ed was appointed General Manager International Airline in December 2003 with responsibility for the international cabin crew and long haul fleet induction and refurbishment programmes. In his new role, these responsibilities have expanded to include all international operations, offshore sales and marketing activity, operation of international airports, and the cargo sales business.
| Organization | Position | Status |
|---|---|---|
| Air New Zealand Limited | Air New Zealand's Group General Manager | Current |
| Air New Zealand Limited | General Manager, Intl Flights | Former |
| Airtours | Former |
| Organization | Position | Status |
|---|---|---|
| Air New Zealand Limited | General Manager, Airlines Operations & Planning | Current |
| Air New Zealand Limited | General Manager, Public & Govt Affairs | Former |
| Air New Zealand Limited | Head | Former |
Steve Bayliss joined Air New Zealand in 2004 as General Manager Marketing. Steve's responsibilities include the global marketing and sponsorship teams, direct customer communications and loyalty programmes, and the branded experience including product design and specification. Prior to joining Air New Zealand, Steve headed up Coca-Cola Australia's business development area and has previously held senior marketing and business development positions with a leading US bottled water and coffee company and with Lion Nathan.
| Organization | Position | Status |
|---|---|---|
| Air New Zealand Limited | General Manager | Current |
| Air New Zealand Limited | General Manager, Marketing | Former |
| Organization | Position | Status |
|---|---|---|
| Air New Zealand Limited | General Manager, Anzes | Current |
| Air New Zealand Engineering Services | General Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Air New Zealand Cargo Services | General Manager, Public Affairs | Current |
| Air New Zealand Limited | General Manager, Public Affairs & Group Communications | Current |
| Air New Zealand Engineering Services | General Manager, Public Affairs | Current |
| Organization | Position | Status |
|---|---|---|
| Air New Zealand Limited | Group General Manager, Sales, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Air New Zealand Limited | Manager, Advertising | Current |
| Organization | Position | Status |
|---|---|---|
| Air New Zealand Limited | Manager, HR | Current |
| Organization | Position | Status |
|---|---|---|
| Air New Zealand Limited | General Manager, Freedom Air | Current |
| Organization | Position | Status |
|---|---|---|
| Air New Zealand Limited | General Manager, HR & Organizational Change | Current |
| Air New Zealand, Ltd. | Lawyer | Current |
| Air New Zealand Limited | Lawyer | Former |
| Otago University | Both A Bachelor of Commerce & Bachelor of Law (Honours) | Former |
| Organization | Position | Status |
|---|---|---|
| Air New Zealand Limited | Secretary | Current |
| Air New Zealand Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Air New Zealand Limited | Public Relations & Sponsorship Executive | Current |
| Design Management Company | Publicist | Former |
| University of Dayton | Bachelor of Arts Degree In Communication | Former |
| Organization | Position | Status |
|---|---|---|
| Air New Zealand Limited | Chairman | Current |
| Air New Zealand Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Air New Zealand Limited | Deputy Chairman | Current |
| Air New Zealand Limited | Deputy Chairman | Current |
| Air New Zealand Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Air New Zealand Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Air New Zealand Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Air New Zealand Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Air New Zealand Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Air New Zealand Limited | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Air New Zealand Limited | Board of Directors | Current |
Executive News
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Asian shares sell off across region
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DJ CORRECT: Asian Shares Mostly Lower; Mkts Running Out Of Steam
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= Asian Shares Mostly Lower; Markets Running Out Of Steam
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Asian Shares Mostly Lower; Mkts Running Out Of Steam
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Air New Zealand Profit Down 90 Percent
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UPDATE 1-Air New Zealand profit down 90 pct, bumpy outlook
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UPDATE 1-Air New Zealand profit down 90 pct, bumpy outlook
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UPDATE 1-Air New Zealand profit down 90 pct, bumpy outlook
| Volume | 265,787 |
| Shares Outstanding | 38.9M |
| Market Cap | 734.1M |
| Year High | 23.18 |
| Year Low | 10.49 |
| Earnings Per Share | 1.71 |
| P/E Ratio | 11.0292 |
| Dividend | 0.00 |
| Yield | 0.00 |
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