Friday 27th May 2016 |
Text too small? |
Airways Corp, the government-owned entity in charge of air traffic control, will give airlines a break with cheaper prices, while hiking them for smaller operators.
From July, the Wellington-based state-owned enterprise will cut its air traffic management fees for airlines by 4.7 percent over the three years of its pricing period, with the bulk of the reduction coming in the first year. At the same time, general aviation prices will rise by 1.6 percent to keep in line with inflation.
"Providing a price decrease reflects the current growth of New Zealand's aviation sector as well as Airways' commitment to enabling further airline investments in modernisation and expansion," chief executive Ed Sims said in a statement. "The prices provide us with the funding to continue to provide safe, reliable, predictable and innovative services."
Airways had previously planned to raise prices for airlines by 3.6 percent over the three-year period at an annual average pace of 1.2 percent.
The move comes after a "robust" consultation period, which Sims said recognised the importance of airlines to New Zealand's business, trade and tourism.
Airways reviews its services and pricing every three years in consultation with its customers.
BusinessDesk.co.nz
No comments yet
Fonterra appoints permanent COO
Manawa Energy FY24 Annual Results & Webcast Details
Seeka Provides the Results of Meeting - ASM
April 19th Morning Report
PGW Guidance Update
CNU - Commerce Commission releases draft expenditure decision
Spark announces departure of Product Director
TGG - T&G appoints new Director
April 18th Morning Report
SKC - APPOINTMENT OF CHIEF EXECUTIVE OFFICER