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Yes you're correct, but foreign based carriers
already operate across the Tasman with full pickup/dropoff rights
for
pax/cargo/mail, as their 5th Freedom Traffic Rights
allow. eg...Thai, Polynesian, Garuda, Aerolineas Argentinas, etc,
so Air NZ has to live with that, in the same way
United has to live with the fact that Air NZ has full 5th Freedom
Traffic Rights between LAX and LON.
PJA
PAA Marketing
P.O. Box 349
Shortland St
AUCKLAND
New
Zealand
TEL:- 0064/9/5265597
FAX:- 0064/9/5265598
MOB:- 0064/25/2902730
----- Original Message -----
Sent: Sunday, May 13, 2001 10:39 AM
Subject: Re: [sharechat] Air New Zealand
as a taxpayer owned company?
To sell out to overseas airlines more than 25%
would mean we would have to let in overseas airlines complete inside New
Zealand and over the Tasman and that would hurt Air New Zealand more I wonder
if this is why air New Zealand is putting presure on the Govt.TO STOP THIS
HAPPENING
----- Original Message -----
Sent: Sunday, May 13, 2001 7:55
AM
Subject: Re: [sharechat] Air New
Zealand as a taxpayer owned company?
It's all a political ploy by Air New Zealand. They ask the
NZ Government for additional capital knowing full well that they will be
turned down. They then go back to them and say "We desperately need the
money and as you won't cough up, and Brierleys can't afford to, then
how about letting Singapore Airlines put up the additional capital we need".
The Govt is then stuck between a rock and a hard place and either the
National carrier bellyflops or they allow SIA to increase its
shareholding above the current 25% limit. Which option do you think
they will choose?
----- Original Message -----
Sent: Sunday, May 13, 2001 7:05
AM
Subject: [sharechat] Air New Zealand
as a taxpayer owned company?
So Air New Zealand is preparing a case
seeking $500M funding from the Government.
Subsequently denied by Selwyn Cushing on
Radio New Zealand.
As a taxpayer I would be horrified if
the Government did assist Air New Zealand to this degree. Even more so if
Air New Zealand continued paying dividends to shareholders. Taxpayer
subsidised dividends - what next.
Political issues and the impacts that
they can cause are one of the risks of owning an airline in New
Zealand.
Good business planning takes these into
account and that risk is managed.
My advice to the Government, if it felt
the need to 'invest' in Air New Zealand, would br to find another $500M
and buy the whole lot back. After all the market only values it at less
than a $1B.
That way all taxpayer 'shareholders'
would benefit from the turnaround (yes ?) in Air New Zealand's
fortunes
How do others feel
Cheers
Peter
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