When was Air New Zealand founded?
Air New Zealand
Air New Zealand originated in 1940 as Tasman Empire Airways Limited (TEAL), a company operating trans-Tasman flights between New Zealand and Australia. TEAL became wholly owned by the New Zealand government in 1965, whereupon it was renamed Air New Zealand. The airline served international routes until 1978, when the government merged it and the domestic New Zealand National Airways Corporation (NAC) into a single airline under the Air New Zealand name. Air New Zealand was privatised in 1989, but returned to majority government ownership in 2001 after near bankruptcy due to a failed tie up with Australian carrier Ansett Australia. In the 2017 financial year to June, Air New Zealand carried 15.95 million passengers.
Transport in New Zealand
A passenger ferry service also operated for many years between Wellington and Lyttelton (the port closest to Christchurch). This service was operated by the Union Steam Ship Company, and the passenger ferries typically operated an overnight service, although in later years the last of these vessels, the "Rangatira", operated alternate nights in each direction plus a daylight sailing from Lyttelton to Wellington on Saturdays (so as to get a balance of four sailings in each direction, each week). One of these passenger ferries, the "Wahine", was lost in a storm as it entered Wellington Harbour on 10 April 1968, with the loss of 51 passengers and crew. The final sailing of the Rangatira, which was custom built and entered service in 1972, was on 15 September 1976, after two money-losing years (subsidised by the government).
New Zealand's air travel sector is served by 15 airlines. The largest airline is Air New Zealand, a state-owned flag carrier.