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Facts Please On Airline Deal Says Peters

Facts Please On Airline Deal Says Peters

New Zealand First says the Government, Air New Zealand and Qantas have still not released enough information to enable a decision to be made on whether the Australian airline should take a stake in the local carrier.

Air New Zealand and Qantas have won conditional Government approval to form a strategic alliance through Qantas taking a 22.5 percent stake in its smaller trans-Tasman rival.

Rt Hon Winston Peters said today that few new details had been released about the proposed transaction and it would be up to the next stage - consideration by competition watchdogs in New Zealand and Australia - to examine the deal in the public interest.

“We are generally opposed to selling state assets, but this deal is under our 24.9 percent criteria, and unlike other parties desperate for a headline, we don’t make decisions until we know all the facts,” said Mr Peters.

© Scoop Media

 
 
 
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