Aspiring domestic airline Kiwijet has not disappeared off the
radar but says it will only launch if fuel prices drop, and
not before next year.
Kiwijet chief executive Patrick Weil released a statement
this week saying the company was moving forward with plans,
but cautioning the airline industry was facing its worst
crisis since September 11.
Kiwijet had planned to launch a domestic service, including
flights to Dunedin and Invercargill early next year, but
abandoned that timetable last month, blaming high fuel prices
and a volatile airline industry.
In this week's statement, Mr Weil said funding had been
secured for the next six months, but Kiwijet had not yet
registered with the Civil Aviation Authority (CAA).
He said it would not start negotiations with the CAA until
there was a sharp fall in oil prices.
Mr Weil expected oil prices to fall at the end of the year
and more aircraft to become available for leasing as tough
times hit the aviation industry.
He warned if the price of fuel continued to climb past the
end of the year, Kiwijet plans would be abandoned.