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

 


Flight plan will boost regional economy

Flight plan will boost regional economy

The announcement of an air service between Masterton and Auckland, to replace cancelled Air New Zealand services, is an excellent regional initiative and a boost to the Wairarapa economy says the New Zealand Airports Association (NZ Airports).

Masterton District Council has supported a proposal by Vincent Aviation to operate return flights each weekday with a Saab 340 aircraft. Flights are expected to commence mid-November. Air Chathams had also made a proposal.

“Regular air services are vital for business, for access to medical services, and to maintain social linkages” said Kevin Ward, chief executive of NZ Airports.

“In a study last year for NZ Airports, Masterton Airport was shown to generate added value to the Wairarapa economy of $6.5 million, rising to $35 million when wider economic linkages are taken into account. 100 jobs were supported by the airport at that time” said Mr Ward. “Most of the benefits come from having regular airline links, so the new service will ensure a key foundation stone for the regional economy is restored.”

Mr Ward also noted that other regions will follow the re-introduction of the service with interest.

“The withdrawal of Eagle Airways from Masterton is not an isolated case. The Air New Zealand Group has some other domestic destinations under review, and those towns and regions will look closely at what has been achieved by Masterton District Council and local supporters” he said.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Fruitful Endeavours: Kiwifruit Exports Reach Record Levels

In June 2016, kiwifruit exports rose $105 million (47 percent) from June 2015 to reach $331 million, Statistics New Zealand said today. Overall, goods exports rose $109 million (2.6 percent) in June 2016 (to $4.3 billion). More>>

ALSO:

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:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news