Media Release

11 April 2008

NZ First Welcomes Government Decision

The Government has made the right decision to decline the partial takeover bid for Auckland International Airport by the Canadian pension fund, says New Zealand First Leader Winston Peters.

“New Zealanders have made their views clear on this matter – they want their strategic assets to remain in New Zealand ownership. That way the profits and ongoing benefits from the Airport will remain in New Zealand,” said Mr Peters.

“This decision makes good economic and strategic sense. It is pleasing that the Government has resisted the temptation of a short term reward, through allowing 40% of shares to be sold, for the longer term benefit.

“New Zealand First now hopes that the issue of selling strategic assets into foreign hands is resolved, but fears some still foolishly harbour this ambition. We are pleased that on this occasion the people’s wishes and good economic sense have prevailed,” concluded Mr Peters.

ENDS

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