Parliament

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

 

Copeland quizzes Govt over Air NZ/Qantas deal


For immediate release

Thursday, 10 October 2002


Copeland quizzes Govt over Air NZ/Qantas deal

United Future New Zealand MP, Gordon Copeland, believes the Government has a conflict of interest between its obligations as a majority shareholder in Air New Zealand and its duty to protect the wider interests of all New Zealand consumers when considering any proposed sale of shares in the national airline to Qantas.

During Question Time in Parliament today, Mr Copeland, the party's finance spokesman, quizzed Finance Minister, Dr Michael Cullen, about the conflict and also whether, as principal shareholder in the airline, the Government was prepared to ask the Air New Zealand board to explore the option of an equity and debt capital fundraising from the market, thus negating the need for the sale of a shareholding stake to its major competitor, Qantas.

"I am personally concerned," he said, "that the airline boards will try to rush the Government into a hasty decision with limited, or no, consideration by the Commerce Commission about the monopoly considerations and the long-term damage to the interests of New Zealanders through higher air fares and fewer flights and services.

"I was pleased that Dr Cullen gave a commitment today that he will submit any Qantas proposal to the Commerce Commission. However, I am disappointed that he still appears reluctant to even consider the option of going to the markets for recapitalizing Air New Zealand ahead of looking to a shareholding sale to Qantas, " concluded Mr Copeland.

ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Rising Toll: Road Safety Needs To Be A Higher Priority

Official advice released to the Green Party under the Official Information Act shows that the previous National Government dismissed an option to make road safety its most important transport priority after being told the road toll was rising. More>>

ALSO:

Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election