Parliament

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

 

Govt has hand in huge Air NZ loss


Bill English National Finance Spokesperson

12 September 2001

Govt has hand in huge Air NZ loss

It is not good enough for the Government to be spending all its time trying to cover its tracks as D-day arrives for Air New Zealand, National's Finance spokesperson Bill English said today.

"Three months ago there were a lot more options for Air New Zealand and the Government must carry responsibility for today's situation where Air New Zealand is casting around for any last minute interest.

"Air New Zealand's commercial decisions have clearly turned out badly but the Government's continued dithering and its penchant for blaming everyone else have certainly made the results of those commercial decisions worse.

"When Michael Cullen says the Government will have to clean up the mess the company has got itself into, he demonstrates he still does not understand the commercial risks of the airline business. The Government has its own part to play in the mess by involving itself in the commercial affairs of all the Australian airlines.

"When Air New Zealand announces a huge loss tomorrow everyone will know that if the Labour Government had made a quick early decision about the foreign ownership cap this loss would have been smaller, and mum and dad shareholders in Air New Zealand would have been better off.

"Along with the misjudgements of Air New Zealand the behaviour of the Government in this has done enormous damage to New Zealand's credibility in Australia," Mr English said.

Ends


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Erebus Memorial In Parnell

Social media can be a wonderful tool for bringing people together in a common cause. It can also be a seedbed and spreader of mis-information on a community-wide scale. To which category do the protests against the siting of an Erebus memorial (to the 257 New Zealanders who died in that tragedy) in a secluded corner of a Parnell park happen to belong? IMO, it is clearly the latter, and the reasons for thinking so are explained below... More>>

 

Agriculture: Government To Phase Out Live Exports By Sea

The Government has announced that the export of livestock by sea will cease following a transition period of up to two years, said Agriculture Minister Damien O’Connor. “At the heart of our decision is upholding New Zealand’s reputation for high ... More>>

ALSO:

Norman Gemmell: New Zealand’s New Housing Policy Is Really Just A New Tax Package — And It’s A Shambles

Norman Gemmell , Te Herenga Waka — Victoria University of Wellington Economists like to talk about “optimal policy instruments” — essentially, policies that achieve their objectives more effectively or efficiently than the alternatives, and ... More>>

Climate Change: Emissions Report Shows Urgent Action Needed

Every part of Government will need to take urgent action to bring down emissions, the Minister for Climate Change, James Shaw said today in response to the recent rise in New Zealand’s greenhouse emissions. The latest annual inventory of New ... More>>

ALSO:


Claire Breen: ACC’s Policy Of Not Covering Birth Injuries Is One More Sign The System Is Overdue For Reform

Claire Breen , University of Waikato Recent media coverage of women not being able to get treatment for birth injuries highlights yet another example of gender bias in healthcare in New Zealand. More>>

Police: Police Accept Findings Of IPCA Report Into Photographs Taken At Checkpoint

Police accept the findings of a report by the Independent Police Conduct Authority (IPCA) relating to photographs taken at a checkpoint in Northland. On November 16, 2019, Police set up a checkpoint down the road from a fight night event in Ruakaka ... More>>

ALSO:

Health: Drug-Testing Law To Be Made Permanent

Interim legislation that is already proving to keep people safer from drugs will be made permanent, Health Minister Andrew Little says. More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels