Air NZ warns profit could dip 32% as engine compensation drops
Engine manufacturers have changed how they calculate compensation as ‘complicated’ negotiations continue.
Air New Zealand CEO Greg Foran.
Air New Zealand is warning the market it expects to receive less compensation from aircraft engine manufacturers in the current year than previously calculated, despite an increase in grounded planes.
The NZX- and ASX-listed airline has been battling an enforced reduction in capacity due to
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