Qantas has publicly unveiled its long-awaited new transtasman aircraft.

Australia's national carrier Qantas Airways says it is yet to see substantial improvements in business conditions.

Auckland Airport is putting the brakes on building its planned new northern runway.

Profits at Auckland International Airport fell 63pc, but after adjusting for property revaluations and restructuring costs, underlying net profits rose 2.1pc.

National carrier Air New Zealand has unveiled a big slump in annual profits.

One of Air New Zealand's top executives, Norm Thompson has been named by an Australian newspaper as being one of the participants in an alleged trans-tasman cargo cartel.