Communications, Services & Infrastructure Sector
Airways Corporation of New Zealand Ltd (Airways)
Airways provides air navigation services within New Zealand's two flight information regions and internationally. It also pursues related businesses such as international air navigation consulting and aviation publishing.
Website: www.airways.co.nz (opens in a new window)
2008/11 Statement of Corporate Intent (.pdf
100kb)
Key Company Information
Key Company Data - Airways Corporation of New Zealand Ltd (Airways)
| Company Form | State-owned enterprise |
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| Year of Establishment | 1987 |
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| Head Office | Wellington |
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| Chair (term expiry) | Con Anastasiou (October 2010) |
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| Deputy Chair | Susan Paterson (April 2012) |
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| Board Membership | Anthony Briscoe (October 2012)
Susan Huria (October 2012)
Terry Murdoch (April 2012)
David Park (October 2012)
Susan Putt (April 2011)
Graeme Reeves (April 2013) |
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| CEO | Ashley Smout |
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| Balance Date | 30 June |
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| Number of FTE Staff | 703 |
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Key Financial Data
Airways Corporation of New Zealand Ltd (Airways)
| Key Financial Data ($million) | 2004/05 | 2005/06 | 2006/07 | 2007/08 | 2008/09 |
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| Operating Revenue | 127.7 | 129.8 | 131.6 | 139.1 | 140.1 |
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| EBITDAF | 28.7 | 27.9 | 29.7 | 32.9 | 23.3 |
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| Net Profit After Tax | 8.2 | 7.6 | 9.0 | 10.6 | 4.5 |
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| Shareholder Equity | 39.4 | 39.0 | 42.0 | 53.6 | 51.8 |
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| Assets | 121.5 | 125.2 | 142.4 | 133.4 | 138.7 |
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| Dividends | 10.0 | 8.0 | 6.0 | 6.0 | 6.0 |
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| Return on Equity | 20.5% | 19.3% | 22.3% | 22.1% | 8.6% |
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| Return on Assets | 11.5% | 10.5% | 11.5% | 12.7% | 5.6% |
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| Gearing | 28.1% | 37.6% | 50.4% | 30.1% | 39.0% |
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Financial data correct as at 30 June 2009.
