Forum Archive Index - September 2001

[Greg <g&jelliott@xtra.co.nz>]

Title: Re: [sharechat] Govt bailout of Brierly Airlines

Interesting point. If AirNZ are losing money (ie. they're unprofitable), why aren't they adopting a defensive position like most of the other airlines worldwide, and cutting back? At least they might reduce some costs.

Greg E.
> From: Marilyn Munroe <who.c@res.co.nz>
> Reply-To: sharechat@sharechat.co.nz
> Date: Fri, 21 Sep 2001 10:58:38 +1200
> To: ShareChat <sharechat@sharechat.co.nz>
> Subject: [sharechat] Govt bailout of Brierly Airlines

> The following is a quote attributed to ACT MP Stephen Franks about the Governments soft loan to help Brierly and SIA retain dominion over the rubble. I agree with him. 
>
> Does the Government tie it to "keeping the planes flying"? No prudent receiver could risk the liability that would flow from not continuing to generate the profits of Air New Zealand's healthy business, so why rescue SIA and BIL when it is the staff, passengers and operating business that could need the cash? 
>
> Boop-boop-de-do Marilyn 
>
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