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Copeland: Cut Govt stake in Air NZ to 51%

Copeland: Cut Govt stake in Air NZ to 51%

United Future finance spokesman Gordon Copeland has called for the Government to look at reducing its 82.5 percent shareholding in Air New Zealand to as low as 51 percent.

"I think the Government should be giving careful consideration as to whether it might be a better strategy to reduce its shareholding by means of a rights issue.

"Mum-and-dad investors would, I'm sure, appreciate the chance to take a stake in our national airline," Mr Copeland said.

Mr Copeland opposed a move in the Appropriations Estimates Bill this week for the Government to provide a further $150 million equity in Air New Zealand, saying that such a decision should be delayed until the Commerce Commission makes a final ruling on the proposed Air New Zealand-Qantas alliance.

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