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

 

Manawatu-Whanganui Projects: PGF Top-Up To Rural Broadband Roll-Out

The government has effectively raided the $3 billion Provincial Growth Fund to top up the budget for the second phase of its rural broadband initiative, filling in mobile 'black spots' and ensuring broadband is available to marae that don't have access now. More>>

ALSO:

Other Windy Cities: Auckland-Chicago Named A Top 10 ‘Most Exciting’ New Route

The inclusion of Auckland-Chicago on Lonely Planet’s Where to fly in 2019? The 10 most exciting new flight routes list comes just two weeks before Air New Zealand prepares to celebrate its inaugural flight to Chicago’s O’Hare International Airport on 30 November. More>>

Deadly Strain: ESR Ups Its Reporting On Meningococcal Disease

The increasing number of cases of Group W Meningococcal disease (MenW) has prompted ESR to increase its reporting on the disease to the Ministry of Health. ESR has upped its reporting to weekly. More>>

ALSO:

Very Small Things: "Game-Changing" 3D Printing Technology Launched

New Zealand microfabrication researchers Andrea Bubendorfer and Andrew Best, the co-inventors of a new way of fabricating very small things with Laminated Resin Printing (LRP), are part of Callaghan Innovation’s MicroMaker3D team launching the new patent pending technology in the US this week. More>>

ALSO: