Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Thousands more trans-Tasman seats into Chch next summer

Thousands more trans-Tasman seats into Christchurch next summer

More than 40-thousand extra seats will become available on trans-Tasman services into Christchurch next summer.

Christchurch Airport is welcoming Air New Zealand and Virgin Australia highlighting its commitment to Christchurch and the South Island with its just announced 13 per cent increase in capacity.

The airport’s General Manager of Aeronautical Business Development says the airlines’ announcement comes at a good time.

“The additional scheduled services across the Tasman from Brisbane, Sydney and Melbourne into Christchurch come at a time when capacity is getting tight and demand is now outstripping supply,” says Matthew Findlay.

“International volumes to Christchurch returned to growth last October. For the past six months, our international passenger movements have grown 4.7% over the previous year and over the same time, planes across the Tasman have been their fullest since 2010. Airlines are responding to the market and providing more capacity where demand most needs it.”

Mr Findlay says the airport’s analysis indicates Christchurch Airport had the highest load factors into New Zealand for the most recent six month period, October 2013 – March 2014.

He says the additional 43,000 seats over summer 2013/14 will provide a boost to the local, regional and national tourism industry.

“Research has shown that of all international arrivals to Christchurch, 65% of arriving passengers stay longer and spend more when they arrive in Christchurch. Our arriving visitors tend to have a broader regional stay, so based on early estimations and existing average spend, this new capacity could be worth an extra $10m for the visitor economy this coming summer. That’s great news for the recovering tourism sector in Canterbury and the wider sector in the South Island.”

Mr Findlay says statistics show continued strength in passenger movements between Christchurch and international markets, with passenger counts up on last year across many different nationalities.

He says enhanced schedule spread to and from Sydney is great news for travellers connecting there.

“It means business travellers, and people wanting to connect beyond Australia, now will have increased choice. Increases in services between Brisbane and Melbourne will also please many travellers, as does the return of direct Christchurch-Perth next summer.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Sparks Fly: Gordon Campbell On China Steel Dumping Allegations

No doubt, officials on the China desk at MFAT have prided themselves on fashioning a niche position for New Zealand right in between the US and China – and leveraging off both of them! Well, as the Aussies would say, of MFAT: tell ‘em they’re dreaming. More>>

ALSO:

Loan Sharks: Finance Companies Found Guilty Of Breaching Fair Trading Act

Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching the Fair Trading Act for misleading 21 borrowers while enforcing loan contracts. More>>

ALSO:

Post Panama Papers: Govt To Adopt Shewan's Foreign Trust Recommendations

The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. More>>

ALSO:

The Price Of Cheese: Cheddar At Eight-Year Low

Food prices decreased 0.5 percent in the year to June 2016, influenced by lower grocery food prices (down 2.3 percent), Statistics New Zealand said today. Compared with June 2015, cheese prices were down 9.5 percent, fresh milk was down 3.9 percent, and yoghurt was down 9.2 percent. More>>

ALSO:

Financial Advisers: New 'Customer-First' Obligations

Goldsmith plans to do away with the current adviser designations which he says have been "unsatisfactory" in that some advisers are obliged to disclose potential conflicts of interest and act in their customers' best interests, but others are not. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news