Parliament

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

 

Robertson Should Rescind Letter To Air New Zealand

“Parliament is quite rightly this afternoon urgently debating a letter from Finance Minister Grant Robertson to the chair of Air New Zealand that has more than the whiff of Rob Muldoon about it,” says ACT Leader David Seymour.

“I requested this debate because Grant Robertson’s letter shows an interventionist streak that will send shock waves through Air New Zealand and other companies.

“One of New Zealand’s most eminent business journalists, Fran O’Sullivan of the NZ Herald, who has covered the aviation sector more closely than any of her peers, summed the letter up in three words; she called it ‘a real shocker.’

“And she’s spot on. Robertson’s letter, which announced his intention to become an ‘active majority shareholder’ in Air New Zealand was so unwise he should rescind it.

“He might have well have said activist instead of active, given the untenable list of competing demands he has placed on the airline’s board of directors.

“Not that the present board will be around for long if Robertson leans into the company as he suggests he will in his missive. One of those demands is his intention to involve himself appointing board members.

“This is a huge departure from his 2018 letter of approach to the airline and other companies the Government is majority shareholder of, which endorsed previous letters stating that the Government wouldn’t look to put forward candidates for election as directors and would support those companies’ preferred board candidates.

“That is precisely as it should be. Here’s an airline that wins awards for service and which pre-COVID returned regular dividends to its shareholders, thanks in large part to agile, professional management and a professional board.

“The last thing the company needs as it climbs back from COVID is the Labour Party deciding which routes it can and can’t fly, how it negotiates its employment contracts and a board stuffed to the gills with compliant union apparatchiks who wouldn’t know the first thing about how airlines run.”

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Geo-political Posturing Over China’s Cyber Hacks, Plus The Weekly Playlist

The timing was one of the weirder aspects of this week’s cyber condemnation of China by the West. Why was this piece of political theatre being staged now? China (and Russia’s) sponsoring and/or condoning of semi-state and criminal hacker groups has been known about for nigh on a decade. More particularly, Microsoft had been alerted to the flaws in its Microsoft Exchange... More>>




 
 


Government: Quarantine Free Travel With Australia Suspended

Quarantine Free Travel from all Australian states and territories to New Zealand is being suspended as the Covid situation there worsens, Prime Minister Jacinda Ardern and COVID-19 Response Minister Chris Hipkins announced today... More>>

ALSO:


Government: New Zealand Condemns Malicious Cyber Activity By Chinese State-sponsored Actors

New Zealand has established links between Chinese state-sponsored actors known as Advanced Persistent Threat 40 (APT40) and malicious cyber activity in New Zealand. “The GCSB has worked through a robust technical attribution process in relation to this activity. New Zealand is today joining other countries in strongly condemning this malicious activity... More>>

ALSO:

Government: Commits $600,000 To Flood Recovery

The Government is contributing $600,000 to help residents affected by the weekend’s violent weather with recovery efforts. Acting Minister for Emergency Management Kris Faafoi and Agriculture Minister Damien O’Connor have been in the Buller district this afternoon to assess flood damage and support the local response effort... More>>

ALSO:



NZUS Council: Welcomes Nomination Of Senator Tom Udall As US Ambassador To NZ

The NZUS Council welcomes the nomination of Senator Tom Udall to the role of US Ambassador to New Zealand and Samoa, NZUS Council executive director Jordan Small said... More>>

BusinessNZ: Visa Extensions Welcomed
BusinessNZ has welcomed the extension of some critical skill visa durations and changes to immigration systems to speed processing. Chief Executive Kirk Hope says move acknowledges advocacy by the hospitality sector, the BusinessNZ Network and others, and comes not a moment too soon.... More>>



Social Development: Government Initiatives Contribute To Fall In Benefit Numbers

Minister for Social Development Carmel Sepuloni has welcomed the release of the June quarter Benefit Statistics which show a continuing fall in the number of people receiving a Main Benefit... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels