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[sharechat] AirNZ: PM's comments

From:	"Patrick Baron" <patrick@baron.co.nz>
Date:	Wed, 26 Sep 2001 16:29:20 +1200

I believe the PM's statement yesterday was probably aimed at achieving 2 things:

1) Stabilise the share price and thereby give a message of confidence for AirNZ's financiers, creditors & customers as to the viability of the airline and that day-to-day airline business would be as usual, no matter what the share or management structure might turn out to be.

2) A hint that even if statutary management had to be imposed, this wasn't necessarily the end for small shareholders, as their holdings could possibly be reconstituted under a new ownership structure (even if in a diluted form).

Patrick

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