Air New Zealand is extending the time frame for its reduced network | NZ Market Update

  • May 25, 2020 NZST
  • Team Kalkine

Stuff’s chief executive Sinead Boucher has bought Stuff from its Australian owners Nine Entertainment for $1, ending months of speculation about a potential takeover. She has signalled plans to develop an ownership model that would give staff a shareholding stake in the business.

Air New Zealand is extending the timeframe for its reduced network, allowing only for essential travel and cargo movement on key trade routes. Minimal international operations will continue through to 31 August 2020.

MediaWorks has announced that 130 staff are being redundant in its radio and sales teams. The media company owns the Three and Bravo televisions channels and The Edge, The Rock, More FM, and the Breeze radio networks. Chief executive Michael Anderson told his staff, in an email, the plans for the restructure on Monday morning.

#AirNewZealand #MediaWorks #Kalkine

 


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