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[sharechat] air n.z.

From:	"vincent.wang" <vincent.wang@xtra.co.nz>
Date:	Fri, 21 Jan 2000 08:24:14 +1300

The decline of Air N.Z. share price can also be traced by the higher oil price in addition to the emerging threat from the new Virgin competition. Oil price is now all time high after Gulf war.

I don't think Air N.Z. would have right issue if it bought the other 50% Ansett Au. Air N.Z. has about $350 million cash sitting in their chest. Besides, including other income, Air N.Z.'s 1999 NAT should be over $250-270 million.

I also don't think Singapore Airline already gave up the idea of buying 50% Ansett Au. If you were the Chairman of Singapore Airline, would you buy 50% Virgin Airline, a business which nobody knows the future will be, or would you buy 50% Ansett Au, a business which is in operating and making money?

RGDS,

Vincent Wang

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