WIRES:

Scoop >> Business

WIAL and Qantas Liquidation Fact Sheet

Saturday, 21 April 2001, 3:29 pm
Press Release: Wellington International Airport Limited

FACT SHEET

1. Tasman Pacific/Qantas New Zealand (Qantas NZ) have a large number of creditors which we understand run to many millions of dollars.

2. Wellington International Airport Limited (WIAL) is a creditor and is owed $750,000. Amounts have been overdue since 20 March and WIAL has been taking action since that time to gain recovery without receiving any constructive response from Qantas NZ.

3. Once WIAL was notified that Qantas Airways was in discussions to buy Qantas NZ WIAL agreed to wait on developments.

4. On 19 April WIAL was notified that Qantas Airways was no longer in negotiations to buy Qantas NZ. WIAL therefore sought payment from Qantas NZ of amounts outstanding for settlement to occur by 4.00pm 20 April or services would be withdrawn at that time.

5. Qantas NZ’s response were telephone calls from the Chairman of Qantas NZ and Financial Administrator who suggested payment would be made in June 2002, with nothing to support how this debt would be dealt with. There was no suggestion that the shareholders of Qantas NZ would inject further funds.

6. At 3.00pm on Friday 20 April WIAL notified Qantas NZ (as per attachment) that it would delay withdrawing services and would make a press release at 9.00am on Tuesday 24 April announcing the withdrawal of operational systems, such as aerobridges, baggage systems etc. from 9.00am Monday 30 April. The purpose of this advance warning was to minimise inconvenience to the travelling public.

7. WIAL notified CIAL and AIAL of its decision and copied them the intended press release.

8. WIAL did not, and cannot, refuse landing by Qantas NZ aircraft or any other aircraft.

9. WIAL understands other creditors had already withdrawn services from approximately 10.00am Friday 20 April.

Wellington Airport

Wild at Heart

Wellington Airport provides a world class airport for visitors, the Wellington region and New Zealand. It's international terminal, The Rock, is ranked 4th best in the World. Being very close to the CBD saves 5.4 million travellers plenty of time and makes Wellington a more attractive place to visit. The Airport won the Wellington Gold Awards for Safety and is a major supporter of local events, attractions and community groups.

CONTACT WELLINGTON AIRPORT

Contact - Email
Phone - +64 4 385 5100
Postal Address - PO Box 14175, Wellington, New Zealand

Business Headlines | Sci-Tech Headlines

BUSINESS, SCIENCE & TECH > >

Sky City : Auckland Convention Centre Cost Jumps By A Fifth

SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 million to build an international convention centre in downtown Auckland, with further gambling concessions ruled out. The Auckland-based company has increased its estimate to build the centre to between $470 million and $530 million as the construction boom across the country drives up building costs and design changes add to the bill.
More>>

ALSO:

RMTU: Mediation Between Lyttelton Port And Union Fails

The Rail and Maritime Union (RMTU) has opted to continue its overtime ban indefinitely after mediation with the Lyttelton Port of Christchurch (LPC) failed to progress collective bargaining. More>>

Earlier:

Rail And Maritime Transport Union - Lyttelton Port workers begin overtime ban
Lyttelton Port of Christchurch - LPC operations will continue as usual during overtime ban
Environment Canterbury - Next phase of Lyttelton Port recovery underway

Science Policy: Callaghan, NSC Funding Knocked In Submissions

Callaghan Innovation, which was last year allocated a budget of $566 million over four years to dish out research and development grants, and the National Science Challenges attracted criticism in submissions on the government’s draft national statement of science investment, with science funding largely seen as too fragmented. More>>

ALSO:

NZ Govt - Submissions on future of science system
Science Media Centre - Year in Review: the big science stories of 2014

Scoop Business: Spark, Voda And Telstra To Lay New Trans-Tasman Cable

Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>

ALSO:

Spark NZ - New trans-Tasman telecommunications cable plan confirmed
InternetNZ - New cable a positive sign for the future

Scoop Business - ComCom pushes out final decision on Chorus copper pricing
Commerce Commission - Backdating prices for Chorus’ copper lines and broadband
TUANZ - TUANZ welcomes further clarification by Commerce Commission
Spark NZ - Spark New Zealand Moving Ahead in 4g Network Build

Statistics: Current Account Deficit Widens

New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>

ALSO:

Scoop Business - NZ Sept quarter current account deficit near six-year high

Still In The Red: NZ Govt Shunts Out Surplus To 2016

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>

ALSO:

BusinessDesk - Economy can grow faster than thought before inflation bites
Audio - Treasury Forecast Announcement for 2015
NZ Treasury - Half Year Economic and Fiscal Update 2014
Office of the Clerk - Public Submissions - Budget Policy Statement 2015
NZ Govt - Government focused on surplus in 2014/15 - English: National is focussed on achieving surplus
Labour - Bill English’s face is redder than his books - Failure to diversify puts prosperity at risk
United Future - Dunne Speaks - Christmas Edition
Greens - Irresponsible tax cuts lead to seventh successive deficit
NZ First - Dishonesty Only Thing in Surplus in Forecasts
CTU - Cuts in public services likely from Budget Policy Statement
PricewaterhouseCoopers - New Zealand Government signals reversal of fortune
NZ Taxpayers' Union - Cut Taxes + Cut Waste = Surplus
TV3 Video - Don't blame deficit on tax cuts - English
Earlier - Cuts to Health Suggested

Job Insecurity: Time For Jobs That Count In The Meat Industry

“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>