Parliament

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

 

Price of PM's dithering and loose lips sky high

Jenny Shipley Leader of the Opposition

4 October 2001

Price of PM's dithering and loose lips goes sky high

New Zealanders want a strong and successful Air New Zealand - but that has been put at risk by the Government's dithering during the middle of this year. "That dithering starved Air New Zealand of funds, forcing a situation where a huge amount of taxpayer money is to be put at risk," Leader of the Opposition Jenny Shipley said today.

"On the 12th of July Singapore Airlines was ready to stump up $650 million to recapitalise Air New Zealand. Had that been allowed to proceed it would have avoided the September write-down of $1.3 billion in assets.

"Instead, what we have now is a deal that isn't a deal - rather a bumbling attempt by the Government to claim they have saved the flag carrier. In reality what it amounts to is an unsecured loan of $300 million, to buy time for the Government to dither some more.

"The package announced today has so many conditions attached that it creates no certainty. It is weighed down by conditions and any one of them could send the whole proposal tumbling to the ground like a house of cards.

"Taxpayers and shareholders could pay a very high price for the Prime Minister's dithering and loose lips.

"The Government is trying to sell this as a rescue mission, but because of their dithering it is more of a salvage job. There will be job losses, cuts to regional services, reductions in the number of flights and it will create a less competitive air market.

"Because of the Government's dithering and mismanagement, air travel in this country will never be the same again," Jenny Shipley said.

Ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Criminalising Of Rap Music


For black youth in America, there can be only three ways out of the ghetto: athletics, music or drug dealing. And for every individual who succeeds in making it out, dozens more attach themselves to their celebrity crews in order to bask in the reflected glory, and partake of the lifestyle. And what rap musician can afford to turn their back entirely on the ‘hood, when staying street and staying real is what their audience demands of them..?
More>>



 
 



Crime: Govt Helps Protect Shops From Ram Raids

The Government is providing further support to help Police protect small businesses affected by a spike in ram raids, Minister of Police Poto Williams says... More>>


Government: Investment Boosts Coastal Shipping In Aotearoa
New Zealand is a step closer to a more resilient, competitive, and sustainable coastal shipping sector following the selection of preferred suppliers for new and enhanced coastal shipping services, Transport Minister Michael Wood has announced today... More>>


Government: New Zealand To Stay At Orange For Now
With New Zealand expecting to see Omicron cases rise during the winter, the Orange setting remains appropriate for managing this stage of the outbreak, COVID-19 Response Minister Chris Hipkins said today... More>>


Government: Independent Panel Appointed To Review Electoral Law
Justice Minister Kris Faafoi today announced appointments to the independent panel that will lead a review of New Zealand’s electoral law. “This panel, appointed by an independent panel of experts... More>>


Trade: Prime Minister To Visit United States
Prime Minister Jacinda Ardern is leading a trade mission to the United States this week as part of the Government’s reconnection strategy to support export growth and the return of tourists post COVID-19... More>>


National: Jacqui Dean To Retire From Parliament In 2023

Waitaki MP Jacqui Dean has announced that she will not be seeking re-election at the 2023 election. “I have advised the President and Leader of the National Party that I have decided not to put my name forward... More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels