Airwork

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Airwork
Airwork Brand image.gif
IATA ICAO Callsign
AWK Airwork
Founded1936
Operating basesAuckland, Brisbane, Perth
SubsidiariesAirwork (NZ) Limited,
Airwork Flight Operations Ltd,
Helilink Ltd,
Skylink Ltd,
Inflite Charters Ltd
Fleet size16
Parent companyAirwork Group
HeadquartersAuckland, New Zealand
Key people
  • Chris Hart (CEO)
  • Brian Fouhy (CFO)
Revenue$130 million
Websitewww.airworkgroup.com

Airwork is an aviation business based in Auckland, New Zealand. The Airwork Group is New Zealand's largest general aviation company. It focuses on fixed wing and helicopter maintenance, leasing and operations working with private and public entities on aviation operations from the Auckland Police and Westpac helicopters to chartered 737s.

It operates freight services in Australia for Toll Priority and Pacific Air Express. It leases passenger aircraft to the Australian charter operator Alliance Airlines. It operates night postal services for New Zealand Post in a joint venture agreement and operates a separate charter entity known as Inflight Charters Ltd. Its main fixed wing base is Auckland Airport, with helicopter operations at Ardmore Airport and Queenstown Airport in New Zealand. At Brisbane Airport and Perth Airport in Australia.[1]

History[edit]

Airwork was first established in 1936 by aircraft engineers Charles and Arthur (Bill) Brazier as an aircraft maintenance company originally assembling Tiger Moth biplanes at Rongatai Airfield. As the industry developed, Airwork moved into the engine overhaul business and in the 1970s became a listed company in which Brierley Investments built up a substantial shareholding. The Airwork group is one of New Zealand’s oldest aviation companies. Airwork Holdings Limited was listed on the New Zealand Stock Exchange (NZX) in 2013 with the code AWK. Airwork's profit has increased 52% in the year ending 30 June 2014.[2] In October 2016, Chinese Zhejiang Rifa Holding Group offered $5.40 per share for 75 percent of the business. The offer closed in early March 2017 with 94.7 percent shareholder acceptance. [3] On 27th September 2017, Rifa Jair Company, a unit of Zhejian Rifa Holding group Co, made a full takeover offer for all fully paid ordinary shares of Airwork Holdings at a 21 percent premium to the closing price on 26th September 2017. [4]

Fleet[edit]

An Airwork Boeing 737-300 freighter at Brisbane Airport (2011).
An Airwork Boeing 737-400F, operating for Toll Priority, at Christmas Island Airport (March 2016).

As of May 2018 the Airwork fleet consists of the following aircraft:[5][6]

Aircraft Total Orders Notes
Boeing 737-300
1
(on dry-lease contract to Blue Air)
Boeing 737-300F
4
4x on dry-lease to Toll Priority
Boeing 737-400F
8
1
3x on dry-lease to Toll Priority, 4x on dry-lease contract to Parcelair
Boeing 757-200F
1
British Aerospace J32EP Jetstream
2
Inflite Charters Ltd.
Total 16 1

In addition to the aircraft above, Airwork owns 29 Helicopters.[7]

Airwork in October 2014 ordered 7 more Boeing 737-400SF from Aeronautical Engineers Inc to increase their fleet to 13.[8] Parcelair (Freightways/New Zealand Post) will be using Boeing 737-400Fs leased from Airwork from May 2016 to replace their ageing Convair and F27 fleet.[9]

Incidents and accidents[edit]

  • On 26 November 1993, two aircraft operated by Airwork, under contract to the New Zealand Police, collided in mid-air over central Auckland. The collision of the Aérospatiale TwinStar helicopter and Piper Archer fixed wing aeroplane resulted in the deaths of all four occupants.
  • On 2 May 2005 a Fairchild SA227-AC Metro III registration ZK-POA broke up in flight 6 km East of Stratford. The flight was a NZ Post service from Auckland to Blenheim. The crash killed the two occupants.[10]
  • On 26 January 2014 a Boeing 737-300F ZK-TLC conducting a Toll freight service from Brisbane was involved in an incident while landing at Henderson field, Honiara in the Solomons Islands. The right landing gear collapsed during the roll out. All three crew were not hurt in the incident.[11]

References[edit]

  1. ^ (http://www.nvinteractive.co.nz), NV Interactive. "Airwork Group - Contact Us". Retrieved 27 September 2016.
  2. ^ "Airwork annual profit climbs 52%, beating forecast". 27 August 2014. Retrieved 27 September 2016.
  3. ^ https://www.nbr.co.nz/article/partial-takeover-airwork-holdings-chinas-zhejiang-rifa-unconditional-b-200639
  4. ^ https://www.nbr.co.nz/article/chinas-zhejiang-rifa-makes-full-takeover-offer-airwork-holdings-b-208145
  5. ^ Our Aircraft - Airwork flight operations retrieved 20 October 2016.
  6. ^ NZ CAA civil register entry - ZK-AWK retrieved 21 June 2010.
  7. ^ Greg Ninness (2013-10-05). "NZX Listing Beckons For Airwork Holdings". Stuff.co.nz. Retrieved 2014-01-26.
  8. ^ http://www.aeronautical-engineers.com/media/news/brochures/AEI_Airwork_7_Conversions_PR_Oct24_2014_FinalV1.pdf
  9. ^ Riddiford, Joshua. "Freightways invests in Boeing 737-400 as online shopping grows". Stuff.co.nz. Retrieved 26 May 2015.
  10. ^ Aviation Safety Network ZK-POA accident description. Retrieved 18 December 2008.
  11. ^ "Accident: Airwork B733 at Honiara on Jan 26th 2014, gear collapse on landing". Retrieved 27 September 2016.

External links[edit]