Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Certainty for Air New Zealand welcome

Media Release Thursday, October 4th, 2001

Certainty for Air New Zealand welcome

Today's announcement on Air New Zealand brings a welcome certainty for the airline's immediate future, the Employers & Manufacturers Association says.

"On the face of it New Zealand's taxpayers have bought 83 per cent of Air New Zealand below the last list share price," said Alasdair Thompson, EMA's chief executive.

"Saying anything more than that, or whether it is worth that commercially, is difficult without having more information.

"In any event air cargo exporters and the travelling New Zealanders will welcome the news.

"The intention to re-establish Air New Zealand's viability so Government can later re-sell its shares is also welcomed.

"Ultimately the rescue package will prove to be the best solution only if it is the best commercial solution.

"Whether it will provide sufficient funds to underwrite Air New Zealand's long term success beyond the turmoil facing airlines internationally remains to be seen."

Comments: Alasdair Thompson tel 09 367 0911 (b)

09 303 3951 (h)

025 982 024

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Judicial Review: China Steel Tarrif Rethink Ordered

On 5 July 2017 the Minister determined not to impose duties on Chinese galvanised steel coil imports. NZ Steel applied for judicial review of the Minister’s decision. More>>

Debt: NZ Banks Accelerate Lending In June Quarter

New Zealand's nine major lenders boosted lending at the fastest quarterly pace in almost two years as fears over bad debts subsided. More>>

ALSO:

Balance Of Trade: Annual Current Account Deficit Widens To $9.5 Billion

New Zealand’s current account deficit for the year ended June 2018 widened to $9.5 billion, 3.3 percent of GDP, Stats NZ said today. More>>

ALSO:

Talking Up The Economy: NZD Gains On PM's Mistaken GDP Comment

Her comments were downplayed by her chief press secretary who said she was referring the government's June year financial statements and had "made a mistake." More>>

ALSO: