Forum Archive Index - August 2001

["Brian Jones" <ibbij@hotmail.com>]

Whatever happens, Air NZ/Ansett needs to increase its capital and lower its 
costs. If Singapore is not enabled to provide some of the capital, what is 
to stop the Board, among other things:
Selling Air NZ domestic.It is making good profits,  so it may be a good time 
to sell.
Selling a large holding in ANZES, their Engineering Business.
Ceasing to operate any/all unprofitable routes eg. regional Aust. and NZ.
Cancelling the remaining new Beech Aircraft on order for NZ regional 
services.
Transferring the two new Boeing 767 aircraft due to commence sevice with Air 
NZ shortly, to Ansett.
Down sizeing Air NZ and transferring all available resources including Head 
Office, to where the attention is needed and where the turn around story is 
- Australia.

Lots of talk about selling Ansett.Can't see it. Why not hollow out Air NZ 
and grow Ansett Australia and Ansett International.

The NZ Govt have the oportunity to allow increased foreign ownership but 
with controllable restrictions, ie they can have some on-going influence.If 
they simply say 'sorry, can't help',AIR NZ/ANSETT  may well become  
ANSETT/air nz. and the political fallout should be something to behold!
The Company is now managed by Australians and the Australian/Singapore 
Airlines/BIL majority on the Board is rearing to go with whatever it takes. 
If the Labour Government get this wrong, look out Air NZ employees, Air NZ 
Brand,and look MUCH further into the future,Air NZ shareholders.

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