Airlines

Air New Zealand will cut 110 jobs from Air New Zealand Engineering Services (ANZES) early this year, but has deferred until February a decision on a further 507 redundancies in widebody maintenance while it continues talks with unions on cost-cutting measures. The initial job cuts are in widebody aeroengine maintenance, with the airline determining that retaining the business in-house was not viable. The move is expected to deliver cost savings of NZ$53 million ($36.6 million) over five years. The airline says it would need to save NZ$48 million over five years to make retaining widebody airframe maintenance a viable option.