Parliament

Contact

Scoop

Network

Scoop Parliament

$885 million not enough CS First Boston

Tuesday, 6 November 2001, 9:59 am
Press Release: ACT New Zealand

Monday 5 Nov 2001 Rodney Hide Press Releases -- Economy

CS First Boston's report on Air New Zealand is more bad news for taxpayers, ACT Finance Spokesman MP Rodney Hide said today.

"Credit Suisse First Boston restates its sell recommendation on the airline's shares and declares the government's injection of $885 million insufficient to bail out Air New Zealand.

"The entire $885 million must be borrowed and the financing cost is $60 million a year to the taxpayer. CS First Boston suggests $885 million is just the start. Sadly, think they are right," concluded Rodney Hide.

ENDS

For more information visit ACT online at http://www.act.org.nz or contact the ACT Parliamentary Office at act@parliament.govt.nz.

Join the Scoop Citizen Community

20 years of independent publishing is a milestone, but your support is essential to keep Scoop thriving. We are building on our offering with thedig.nz our new In-depth Engaged Journalism platform. Now, more than ever sustainable financial support of the Scoop Foundation for Public Interest Journalism will help to keep these vital and participatory media services running.
Find out more and join us:

Become a member Find out more

Find more from ACT New Zealand on InfoPages.

Parliament Headlines | Politics Headlines | Regional Headlines

NEW ZEALAND POLITICS

Gordon Campbell: On Last Night’s Leaders Debate

Do political debates change voter intentions, and cause voters to switch sides? According to a 2019 Harvard Business School study conducted across 61 elections in nine countries involving 172,000 respondents, the answer would seem to be a resounding “No.” Political debates have little effect on voter behaviour, let alone on election outcomes. Crucially, the limited effect they do have does not involve a change in voters’ policy preferences... More>>

ALSO:

The Conversation - 5 experts on the first TV leaders' debate of NZ's election
RNZ - Colmar Brunton poll: Labour at 48 percent, National at 31 percent
NZ Taxpayers' Union - Judith Vs Jacinda: The Questions That Should Asked Tonight
National - Judith Collins - National Leader’s Campaign Launch Speech
Gordon Campbell - On That $4 Billion Hit To National’s Economic Cred

Government: More Border Exceptions For Critical Roles

The Government has established class exceptions for border entry for a limited number of veterinarians, deep sea fishing crew, as well as agricultural and horticultural machinery operators. “Tight border restrictions remain the backbone of the Government’s ... More>>

ALSO:

National - National’s Smart Border Plan Will Grow The Economy
NZ Govt - Seasonal Work Visa Available To More People

PM: Auckland At Bolstered Level 2, Rest Of Country Provisionally At Level 1

Pandemic alert levels for the whole country have been reviewed by Cabinet and Prime Minister Jacinda Ardern is announcing whether restrictions will be eased. More>>

ALSO:

ACT - Covid Restrictions A Relief – But We Never Should Have Been Here
Michael Barnett - Two Weeks Too Long In Level Two
Office of the Mayor of Auckland - Mayor Phil Goff Welcomes Auckland’s Move To Level 2

Labour: Supporting Workers And Valuing Their Contribution

Making sure working New Zealanders are safe, healthy and that their contribution to the economy is valued is at the heart of Labour’s Workplace Relations Policy.
“This is Labour demonstrating its commitment to helping working New Zealanders by increasing sick leave, raising wages, protecting them while they are at work, growing jobs and investing in the economy,”... More>>

ALSO:

Greens - Green Party Will Work Next Term With Labour To Implement Fair Pay Agreements And Extended Sick Leave
E Tu - Kiwi Workers Celebrate Labour’s New Workplace Policies
Joint Press Release - Labour’s Workplace Relations And Safety Policy Shows Strength Of NZ Unions
Randstad - Randstad Says Employers Need To Continue Prioritising Employees Wellbeing To Support Mental Health
NZ Council of Trade Unions - Unions Welcome Release Of Labour’s Industrial Relations Policy

PREFU: Economy Doing Better Than Forecast

The Pre-election Economic and Fiscal Update released today shows that the near-term economic recovery has been stronger than the Treasury and many economists predicted at the May Budget, as the economy bounced back strongly out of lockdown... More>>

ALSO:

Electoral Commission: Candidate And Party Lists Released

17 registered political parties and 677 candidates will be contesting the 2020 General Election Nominations have now closed and the Electoral Commission has released the electorate and party list candidates for 2020 online at vote.nz . Advance voting ... More>>

National: Plan To Restore NZ’s Prosperity

National’s Economic and Fiscal Plan carefully balances the need to invest in infrastructure and core public services while also reducing tax pressure on Kiwi families and businesses. National Leader Judith Collins and Finance spokesperson Paul Goldsmith unveiled National’s ... More>>

ALSO:

National - National Will Cut Taxes For Hard-working Kiwis

NZ First: Party List

New Zealand First has a proven twenty-seven-year history of bringing balance and common sense to our government. Amid the continued setbacks of COVID-19 restrictions, New Zealand First has once again sustained its profile by selecting a strong team ... More>>

Election: Arriving Travellers In Isolation To Be Able To Vote By Telephone

Up to 5,000 people in managed isolation or quarantine will be able to vote by telephone in the general election and referendums after an amendment to electoral regulations last week. Chief Electoral Officer Alicia Wright says the Electoral Commission sought ... More>>

National: Investing In Our Children’s Future

A National Government will prioritise lifting achievement for all New Zealand children, no matter their background or ability, National Party Leader Judith Collins and National’s Education spokesperson Nicola Willis say. “Parents just want what’s best for ... More>>

Join ScoopPro

Submit News / Press Releases

Join ScoopCitizen