Airways Statement of Corporate Intent 2019

Airways Corporation of New Zealand Limited Statement of Corporate Intent 2020-2022

Introduction and nature & scope of activities

INTRODUCTION AND NATURE & SCOPE OF ACTIVITIES

OBJECTIVES, VISION, PURPOSE AND VALUES Airways has established the following vision, purpose and values: Vision Create the aviation environment of the future Purpose Safe skies today and tomorrow Values We value safety, each other, excellence and success Airways Corporation of New Zealand Limited (ACNZ) is a state-owned enterprise (SOE) established under the State-Owned Enterprise Act 1986 (the Act) and is a public company registered under the Companies Act 1993. The shareholders are the Minister for State-Owned Enterprises and the Minister of Finance, each of whom holds 20.55 million fully paid shares of $1.

Airways’ core role is as New Zealand’s air traffic control (ATC) provider, facilitating safe and efficient air transport through New Zealand’s flight information region (FIR). ACNZ also has four 100% owned subsidiaries – Airways International Limited, Airways Training Limited, Aeropath Limited and Airshare Limited (refer Appendix C for further detail on the Group structure). This Statement of Corporate Intent (SCI) refers to the Airways Group (Airways), including ACNZ and our subsidiaries. It is prepared in accordance with the Act and sets out Airways’ business goals and objectives for the period 1 July 2019 to 30 June 2022. DIVERSITY Airways recognises the value of a diverse and skilled workforce and is committed to creating and maintaining an inclusive and collaborative workplace culture. This enables Airways people to be the best they can be at mahi (work) and directly supports our value of Each Other - ‘Appreciates the role of other people and their ideas. Acts inclusively and values diversity. Earns trust, accepts differences and gets on with others.’ AIRWAYS’ STRATEGY We will work with partners to provide global aviation customers with safe, integrated airspace management through our proactive safety culture, expert knowledge and technology enabled solutions. Airways will grow profit to $32m by 2024.

STRATEGIC CONTEXT

AIRWAYS’ BUSINESS UNITS

FY20 KEY STRATEGIC WORKSTREAM

MEASURE OF SUCCESS

FINANCIAL FORECAST BY UNIT ($NZM)

DIVIDENDS

REPORTING TO SHAREHOLDING MINISTERS

POLICY FOR SHARE ACQUISITION

COMPENSATION FROM THE CROWN

THE CROWN’S INVESTMENT IN AIRWAYS

Furthermore, as an SOE, Airway is expected to:

X X be as profitable and efficient as comparable businesses X X be a good employer X X exhibit a sense of social responsibility

APPENDICES

SAFETY Safety is paramount throughout the aviation industry, with continuous