Parliament

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

Pike River: Mine Drift Re-Entry Plan To Proceed

The Pike River Mine Drift will be re-entered, Minister Responsible for Pike River Re-entry Andrew Little announced today.

“I’ve decided the Te Kāhui Whakamana Rua Tekau Mā Iwa - Pike River Recovery Agency, recommended course of action to enter the drift, using the existing access tunnel, is by far the safest option,” said Andrew Little...

“The advice I have received indicates that it is likely to be around February before the re-entry proper gets underway, by breaching the 30m seal.” More>>

 

Appointments: New High Commissioner To Australia Announced

“Dame Annette King needs no introduction given her long running career as a parliamentarian where she has previously held a number senior Cabinet portfolios, including Justice, Police and Health. She also was Parliament’s longest serving female MP with 30 years’ service,” said Mr Peters. More>>

ALSO:

Rebuilding: Silvia Cartwright To Lead Inquiry Into EQC

“The inquiry will be the first of its kind under the Public Inquiries Act 2013 and will have all the powers of a Royal Commission, be independent of Government and make its report directly to the Governor-General. More>>

ALSO:

Gordon Campbell: On The Royal Commission Into Child Abuse

Obviously, it is good news that the coalition government has broadened the scope of its Royal Commission into the abuse of children, beyond its previous focus on children in state care. More>>

ALSO:

Cases Delayed: Court Staff Refuse To Handle Sentencing Papers

Dozens of court cases have reportedly been delayed, as court staff escalate industrial action at two Auckland courts by enforcing a ban on handling sentencing papers. More>>

ALSO:

Education: Primary Teachers Rolling Strikes

RNZ Report: More than 100,000 primary school students in Auckland will be home from school today as teachers and principals walk off the job for the second time this year. It's the start of a week of rolling one-day strikes around the country, after the collapse of contract negotiations last Thursday. More>>

ALSO:

"Process Was Sound": Inquiry Into Haumaha Appointment Released

The Inquiry’s purpose was to examine, identify, and report on the adequacy of the process that led to the appointment. It found the process was sound and no available relevant information was omitted. More>>

ALSO:

Govt Loses In Supreme Court: Call For Debate On Prisoners' Right To Vote

The court earlier this week upheld a High Court decision which found that a law restricting a prisoner's right to vote was inconsistent with the Bill of Rights. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels