Airwork

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Airwork
Airwork Brand image.gif
IATA ICAO Callsign
—AWKAIRWORK
Founded1936
Operating basesAuckland, Brisbane, Perth
Subsidiaries Airwork Flight Operations Ltd,
Airwork Ireland Ltd
Fleet size20
Parent company Airwork Group
Headquarters Auckland, New Zealand
Key people
  • Daniela Marsilli (CEO)
  • Florence Wong (CFO)
Revenue $184 million
Website www.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 maintenance, leasing, and operations working with private and public entities on aviation operations, with a fleet of 737 freighters.

Contents

It operates freight services in Australia for Toll Priority, Qantas and FedEx. It operates night postal services for New Zealand Post and Freightways through a joint venture agreement. Its main fixed wing base is Auckland Airport in New Zealand. The Australian freighter fleet has its headquarters at Brisbane Airport, with operational bases in Perth, Adelaide, Melbourne, and Darwin. [1]

History

The Airwork group is one of New Zealand's oldest aviation companies. 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 business was purchased in 1984 by Hugh Jones and Alan Hubbard, and in 1988 Hugh Jones took control of the whole business. [2]

Airwork Holdings Limited was listed on the New Zealand Stock Exchange (NZX) in 2013 with the code AWK at an IPO price of $2.60 per share. Airwork's profit has increased 52% in the year ending 30 June 2014. [3] 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. [4] On 27 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 26 September 2017. [5]

In January 2020 Airwork began services across the Tasman with the start of Auckland to Sydney flying in conjunction with Fedex. [6] In December 2022 Airwork sold its helicopter business to Salus Aviation. [7]

Fleet

An Airwork Boeing 737-300 freighter at Brisbane Airport (2011). Airwork NZ Boeing 737-300F BNE Prasertwit.jpg
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). Airwork Boeing 737-400F (ZK-JTQ) at Christmas Island Airport (1).jpg
An Airwork Boeing 737-400F, operating for Toll Priority, at Christmas Island Airport (March 2016).

As of January 2020 the Airwork fleet consists of the following aircraft: [8] [9]

AircraftTotalOrdersNotes
Boeing 737-300F
4
1x on wet lease to Toll Priority

1x on wet lease to Virgin Australia

2x on dry lease to Star Air

Boeing 737-400F
12 [10]
3x on dry-lease to Toll Priority

4x on wet-lease to Parcelair

1x in conversion

Boeing 757-200F
4
1x on dry lease to Aviastar-Tu

1x on dry lease to Swiftair

1x on dry lease to Olympus Airways

1x in conversion [11]

Total20

Incidents and accidents

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References

  1. ↑ (http://www.nvinteractive.co.nz), NV Interactive. "Airwork Group - Contact Us" . Retrieved 27 September 2016.
  2. ↑ "History | Airwork". www.airworkgroup.com. Retrieved 12 February 2020.
  3. ↑ "Airwork annual profit climbs 52%, beating forecast". 27 August 2014. Archived from the original on 1 October 2016. Retrieved 27 September 2016.
  4. ↑ "Partial takeover of Airwork Holdings by China's Zhejiang Rifa unconditional". 14 March 2017. Archived from the original on 9 September 2018. Retrieved 17 October 2017.
  5. ↑ "China's Zhejiang Rifa makes full takeover offer for Airwork Holdings". 27 September 2017. Archived from the original on 8 March 2019. Retrieved 18 October 2017.
  6. ↑ Lowe, Steve (30 January 2020). "New Trans-Tasman Air Freight Service". 3rd Level NZ. Retrieved 5 February 2020.
  7. ↑ "Helicopter Sale". Helis.com. Retrieved 27 September 2023.
  8. ↑ Our Aircraft - Airwork flight operations Archived 8 June 2010 at the Wayback Machine retrieved 20 October 2016.
  9. ↑ NZ CAA civil register entry - ZK-AWK retrieved 21 June 2010.
  10. ↑ "AEI to provide Airwork with 12th B737-400SF freighter conversion". Air Cargo News. 28 January 2020. Retrieved 12 February 2020.
  11. ↑ "Airwork ramps up conversions | Cargo Facts". cargofacts.com. Retrieved 12 February 2020.
  12. ↑ Aviation Safety Network ZK-POA accident description. Retrieved 18 December 2008.
  13. ↑ "Accident: Airwork B733 at Honiara on Jan 26th 2014, gear collapse on landing" . Retrieved 27 September 2016.

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