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

 


No Exit Strategy for Air NZ

Friday, October 5 2001 Richard Prebble Press Releases -- Commerce

Government press statements on the nationalisation of Air New Zealand show that Ministers have no exit strategy, ACT leader Richard Prebble says.

"On Wednesday, Dr Cullen told Parliament that any government shareholding would be temporary. But it's significant that when the purchase was announced, no exit strategy was included," Mr Prebble said.

"The Greens and the Alliance favour permanent state ownership of so-called strategic investments. Jim Anderton said on television this morning that that he believed the government's ownership of the airline would be long-term.

"The government is about to discover that airlines are bad investments, very risky and hard to exit.

"Recovering the $885 million in the short term will be impossible with the world-wide downturn in aviation and tourism. There's a risk that the government will have to provide the airline with even more capital. There's no prospect of a dividend for the taxpayer.

"Dr Cullen is about to discover that there are few things more permanent than a temporary solution.

"The government has not explained why Ministers rejected ACT's practical solution ' for the government just to guarantee Air New Zealand tickets. That's what the Howard government has done in Australia to get Ansett flying again.

"If Dr Cullen doesn't want to own Air New Zealand long-term, it would have been better to guarantee tickets for three months. It would probably have cost the government nothing and would have forced the airline's shareholders to fix their own problems," Mr Prebble said.

ENDS

For more information visit ACT online at http://www.act.org.nz or contact the ACT Parliamentary Office at act@parliament.govt.nz.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>

ALSO:

Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>

ALSO:

More Justice & Corrections

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news