Market mauls Air NZ

Friday 7th September 2001

Air New Zealand's share price yesterday plumbed new depths as uncertainty about ownership and funding issues deepened.

At mid-afternoon the "A" shares were trading at 79c, their all-time lowest level, after the government on Wednesday deferred yet again a decision on what measures it would take to help shore up the airline's sinking profitability.

The government's silence on the reason for its delay sparked rumours major investor Singapore Airlines was re-visiting its position on pumping more money into the national flag carrier.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

POT - Tax changes to affect POT profit
SUM - 2Q24 Metrics - Sales of Occupation Rights & HY Guidance
CDC Independent Valuation - 30 June 2024
MFB - Issue of Ordinary Shares and Performance Rights
July 4th Morning Report
PaySauce Quarterly Market Update - June 2024
Manawa Energy - Annual Meeting and Director Nominations
SKO - Annual Shareholders Meeting Materials
VGL - 2024 Half Year Results Announcement Date
TruScreen Group Limited ("TRU") - Late Annual Report