Air New Zealand announces sale of Safe Air to Airbus

Air New Zealand has signed a conditional agreement for the sale of its wholly owned subsidiary Safe Air to Airbus Group Australia Pacific Pty Limited.

Safe Air is a Blenheim-based aviation maintenance, design and manufacturing business with customers including the Royal New Zealand Air Force.

Air New Zealand’s chief operations officer Bruce Parton said: “Our history with Safe Air spans more than four decades and it’s important to us that we ensure its success in the future. Airbus Group is highly regarded in the aviation industry and, as a world-class military service provider, is closely aligned with the services Safe Air undertakes.”

“This is a fantastic outcome for Safe Air and its employees, with Airbus able to provide guidance, direction and the resources that will increase its capabilities and contribute to its growth. This in turn will have a positive impact on the local economy.”

Dr Jens Goennemann, managing director Airbus Group Australia Pacific, added: “Safe Air’s reputation, skill set and outlook are all strong and closely align with Airbus Group.

“We’ve worked with Safe Air in the past and for us, bringing the company into Airbus strengthens our position and potential in New Zealand. We look forward to working with our new colleagues on a daily basis.”

The transaction is expected to complete next month and details of this are confidential.

sourced:traveldailymedia.com