Bad Luck Run Amok: The Air New Zealand Story
Talk about bad luck. Greg Foran’s first day as chief executive of Air New Zealand was February 3rd, 2020. Barely a month later, the Covid virus all but grounded the airline’s passenger business. The crisis would end. But Foran’s luck didn’t get much better. Today, about 16% of ANZ’s jet fleet is grounded due to engine issues, affecting both B787s and A320-family Neos. Despite the woes, Foran and his team are bullish about the carrier’s prospects, as we discover in this week’s feature story.