4 Nov 2014

Business Briefs

3:29 pm on 4 November 2014

Air NZ upgrades

Air New Zealand is moving into Los Angeles International Airport's newly refurbished Tom Bradley International Terminal on 3 December.

The airline's passengers will no longer have to wait in a dedicated transit terminal.

The move to the main international air terminal gives customers better connectivity to ports within the United States.

It would also give passengers access to a new terminal, with faster processing, a state-of-the-art lounge and large retail and dining spaces.

Cargo growth continues to rise

The International Air Transport Association says cargo growth continued to accelerate in September.

Measured by freight tonne kilometres, volumes rose just over 5 percent compared with the same month last year, showing slightly faster growth than in previous months.

Airlines in the Asia-Pacific, North America, the Middle East and Africa all posted strong annual growth figures of between 5 and 17 percent, while European airlines saw a decline of 1.6 percent.

Latin American airlines reported little difference, with just 0.3 percent growth.

Building stars on SeaDragon factory

SeaDragon says construction of its new fish oil factory has begun at last and it has signed a long-term lease.

Chief executive Ross Keeley said the factory had been three years in the making and it was gratifying to see that building has begun.

Completion is expected in June next year and Mr Keeley said he expected the facility to make a meaningful contribution in the second half of the 2016 financial year.

The factory would produce oil high in Omega 3, primarily from hoki sourced from the clean Southern Ocean fishery.