FIJI’S AIR PACIFIC WELCOMES NEW ENGINEERING DEAL WITH ANSETT

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FIJI’S AIR PACIFIC WELCOMES NEW ENGINEERING DEAL WITH ANSETT

SUVA, Fiji Islands (December 17, 1999 – Fiji’s Daily Post)---Air Pacific has welcomed a joint venture with its neighboring airlines' engineering services.

The joint venture, which was created by Ansett Australia and Air New Zealand, costs $A 122 million (US$ 78.324 million) and will be enhanced each year.

"Air Pacific has used both Ansett and Air New Zealand engineering services over the years as well as Qantas and we likewise provide some services," chief executive Michael McQuay said. "Efficiency in this part of the industry is long overdue and a welcomed enhancement."

Ansett Australia and Air New Zealand have created a joint venture engineering company owned by both airlines that is expected to deliver benefits of the said amount of money within the next five years.

The venture company will use existing facilities in New Zealand and Australia to create a world-class maintenance, repair and overhaul (MRO) business.

Mr. McQuay said engineering services "are regularly purchased dependent on requirement and sees their focus on consolidation as an opportunity for improved unit costs."

Ansett Australia executive chairman Rod Eddington said the potential for growth through access to work in addition to that of Ansett Australia and Air New Zealand will increase from 1.2 million productive hours to 2.6 million hours within the next five years.

Mr. McQuay said Air New Zealand and Ansett are quality service providers in the engineering part of the industry and Air Pacific is utilizing their services and will continue to do so.

Mr. Eddington said creating the joint venture gives the engineering business the critical mass needed to secure a place in a highly competitive and increasingly global market.

For additional reports from Fiji’s Daily Post, go to PACIFIC ISLANDS REPORT News/Information Links: Other News Resources/Fiji Live.

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