Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Cullen interview with TV1 On Air New Zealand

Cullen interview with TV1 On Air New Zealand

4.35 p.m.


Q. Qantas has said no to Ansett, what ….about Ansett's likely future?

MC Air New Zealand is now moving to seek some sort of arrangement via the Australian Government…
It does emphasise that Ansett is in serious trouble, as we have been trying to indicate.

Q. Does it suggest though that if the Australian government doesn’t take this extraordinary precedent…[indistinct]

MC that’s been on the cards for sometime and its up to Air New Zealand to make a final decision, its always been a possibility

Q. What do you think the Australian government may do now because clearly this complicates if not delays matters?

MC They will want to look very carefully at it. There is significant problems [with it] it is their second major local carrier, it provides provincial routes – some of which are not covered by Qantas, and of course they are coming into an election campaign which makes life particularly difficult for the incumbent government. On the other hand there may be substantial costs in the kind of indemnity Air New Zealand is looking for. So we are in close contact with Mr Anderson's office….and no doubt they will keep in close contact with us.


Q.Does this prevent, given you don't have certainty about the Ansett part of the equation, does this prevent you from signing off the rescue package tonight?

MC. Well, we hope that we are still able to receive from Air New Zealand a coherent package that we can find acceptable. This has been going on for far too long, and contrary to what's being claimed by some people, it is not the government that has been delaying and extending this process. Clearly Air New Zealand has to make some sort of plausible statement tomorrow accompanying its financial statement. I think that plausible statement will be much better if it has a clear package which has been signed off.


Q.Do you expect to sign off when there is some much uncertainty about Ansett?


MC It does complicate matters, obviously, with that uncertainty remaining around Ansett…..I will be getting more advice on this later, we have a Ministers' meeting…as it remains the government is very keen to try to get a resolution.

Q.At the very least, what could happen tomorrow?

MC Well, particularly from Air New Zealand there has to be a plausible statement- which gives the creditors of Air New Zealand confidence about its future.

Q. [what about the]Qantas development?
MC Its one that we expected. We always thought the chances of Qantas buying Ansett were very much less than 50-50 so we are not surprised by this development.

Q.But it does expose whatever rescue package the shareholders are part of, a greater financial risk if Ansett is liquidated?

MC Certainly a greater financial risk than if Qantas had bought Ansett, yes.

Q.So the next 24 hours is likely to [be important]?

MC. I would hope so, but I have been thinking that for each of the last 24 hours.


ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Tax Working Group’s Road Map

Trying to analyse the interim report on the Tax Working Group (TWG) is like trying to review an entire All Blacks game, but at the half- time mark.

With so much still to be finalised, Sir Michael Cullen and his colleagues are going to need all the All Blacks’ fabled finishing skills to get a coherent, fiscally neutral package together by the February 2019 deadline. More>>

 

Meth Testing Report: Housing NZ "To Right Wrong"

Phil Twyford “Housing NZ acknowledges that around 800 tenants suffered by either losing their tenancies, losing their possessions, being suspended from the public housing waiting list, negative effects on their credit ratings or, in the worst cases, being made homeless.” More>>

ALSO:

No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>

ALSO:

Pay Equity Bill: Making History For Women’s Pay

The Equal Pay Amendment Bill, introduced to the House today, will make it easier for workers to make a pay equity claim , using a more simple and accessible process within New Zealand’s existing bargaining framework. More>>

ALSO:

Suffrage 125: NZ A Trailblazer For Women

“We acknowledge the work of Kate Sheppard, Meri Te Tai Mangakāhia, and all of the suffragists who tirelessly campaigned for the vote… Today we also need to ask each other: how we can continue to make our country a fairer and better place to continue the legacy of the suffragists.” More>>

ALSO:

Asylum: Refugee Quota Increasing To 1500

“The quota increase will take place from July 2020. In the meantime, we will work to increase the number and spread of refugee resettlement and support services. We need to make sure we’re prepared for this change in policy.” More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels