31 Aug 2009

Plane design business strong, says Air NZ

8:04 am on 31 August 2009

Air New Zealand says its interior design business for planes is still attracting work from wealthy private jet owners and other airlines despite the downturn in air travel.

The airline set up the stand-alone company Altitude Aerospace Interiors about a year ago.

While its contribution to the national carrier's profit is small in terms of the group's overall revenue, Air New Zealand says it makes good margins and can use the expertise on its own planes.

Chief executive Rob Fyfe says Altitude has performed ahead of forecast in its first six months of operation, and is likely to do the same for the following half year as there is a backlog of orders.

Demand from the super-wealthy who have private jets has not fallen off and Boeing is also feeding business to the design company, Mr Fyfe says.