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Thread: New budget domestic airline coming?

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    Thumbs up New budget domestic airline coming?

    New cut-price domestic airline on the way?
    12:30PM Thursday May 03, 2007

    American and Japanese investors are looking at launching a new domestic airline in New Zealand.

    Kiwijet is the brainchild of US aviation specialist Patrick Weil. He says the country is ready for a simplified, cost-effective form of domestic air travel.

    The fledgling airline would initially fly two Boeing 737s between Auckland, Christchurch, Dunedin and Invercargill.

    All fares would cost a flat $150.

    Mr Weil says Kiwijet is considering bidding for acquisition of an existing domestic airline and hopes to be operating by the end of the year.

    - NEWSTALK ZB

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    New low-cost airline chances slim, say analysts
    5:00AM Saturday May 05, 2007
    By Liam Dann

    Airline industry analysts are sceptical about the chances of a new low-cost airline starting up here after a United States-based aviation investor this week announced plans to set up a rival domestic airline called KiwiJet.

    Air New Zealand investors were unfazed yesterday and the company's shares rose to a fresh high of $2.85 on news it was also considering launching a low-cost carrier.

    Staff were told in a memo leaked to the media that a low-cost carrier was one of three or four growth initiatives being considered by the company as part of a strategic review.

    Forsyth Barr aviation analyst Rob Mercer said he believed Air NZ could successfully run a low-cost brand alongside existing services and grow the market.

    The key was to ensure it did not cannibalise the lucrative business market where passengers paid for full-price tickets at peak travel times.

    Any secondary service would have to be run at non-peak times and target the leisure market.

    Mercer saw little chance of success for a new entrant such as KiwiJet taking Air NZ on head-to-head on its main routes.

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