Airways - Making your world possible

Airways NZ operating profit up 31% over previous year

14 Aug 2014

For further information please contact:

Philippa Sellens
Head of Communications
Airways New Zealand 
Ph: 021 438 243

1Airways’ NOPAT of $21.7 million in the year to June 2013 was largely the result of a one-off financial transaction, the termination of a cross border lease which resulted in the release of deferred income of $18.8 million and an increase to NOPAT of $12.8 million. The cross border lease was a type of Qualifying Technological Equipment (QTE) lease.  In simple terms, the lease involved the sale and leaseback of equipment and was entered into by Airways in the early 2000s.  In 2012, Airways took advantage of highly favourable interest and exchange rates to negotiate the early termination of the lease at a significant profit to Airways. 

2Global ANS Performance Report 2013

You can download the annual report for the year ended 30 June 2014 at