AIR - Air NZ.

[Marilyn Munroe]

I'm on Earth. If you think Hosking's diatribe is correct, I'd be questioning which you're on. There's a lot of reasons to raise questions about the actions of the government in relation to the various PSOEs (partially state owned enterprises) but Hosking's assertion that it's somehow to do with their "socialist agenda" is just typical right wing fearmongering.

You may be right, Hosking misunderstood Grant Robertson motives. An alternative criticism of the Minister of Finance if his wish is to become the wing commander of Air New Zealand is lack of street smarts.

He should have let it go bust and then rescued it for cents on the dollar and saved the taxpayer a bundle.

Boop boop de do
Marilyn

[kyanar]

You may be right, Hosking misunderstood Grant Robertson motives. An alternative criticism of the Minister of Finance if his wish is to become the wing commander of Air New Zealand is lack of street smarts.

He should have let it go bust and then rescued it for cents on the dollar and saved the taxpayer a bundle.

Boop boop de do
Marilyn

Can agree with that. While I'm not entirely convinced that Air NZ was so distressed that it would go under, if the goal was to try and push it under so the government could pick up the remaining shares they don't own (which I'd question the point of, since they already own a controlling stake and right now there's no real benefit to owning more) then this method was pretty terrible.

The Finance Minister did a pretty fantastic job, getting them to agree to take financing under the terms they did (terms that I'd argue would appall regulators if a private company did it) and I'd suggest if he really wanted to ensure value for money for the taxpayer, instead of converting repayments to shares the government should sit on the loan letting it accrue ludicrous interest, which Air NZ would have no choice really but to suspend dividends to the rest of us poor suckers to repay.

[Jaa]

Think everyone is reading too much into Grant's letter. I read it as related to the servicing of Saudi navy engines with a stern don't do it again.

https://www.stuff.co.nz/business/300...abian-military

[nztx]

Think everyone is reading too much into Grant's letter. I read it as related to the servicing of Saudi navy engines with a stern don't do it again.

https://www.stuff.co.nz/business/300...abian-military

Is servicing MP's Car Engines as lucrative to replace said activities ?

[bull....]

according to qantas more aussies coming to nz than kiwis going to aus in there bookings and its all to do with the skiing period. tens of thousands booking they say

[Raz]

according to qantas more aussies coming to nz than kiwis going to aus in there bookings and its all to do with the skiing period. tens of thousands booking they say

very much so, involved in a couple of businesses in Queenstown, expecting 7000 visitors on Monday from forward booking data...

[winner69]

very much so, involved in a couple of businesses in Queenstown, expecting 7000 visitors on Monday from forward booking data...

So definitely not a place for kiwis to visit these days - but then apparently kiwis hate the place anyway

[Sideshow Bob]

Trans-Tasman bubble: Bookings drying up 'really quickly' as COVID-19 concerns linger (msn.com)

So a bit of a rush and bookings slowed down for the time being.

As for Queenstown, its a place you go for a weekend or a few days, spend a sh1t ton of money, have a great time and then get out again.

[winner69]

AIR and AIA seem to spending heaps on champagne, bands etc etc 'celebrating' this bubble

Don't waste shareholders money - just fly punters back and forth

[causecelebre]

AIR and AIA seem to spending heaps on champagne, bands etc etc 'celebrating' this bubble

Don't waste shareholders money - just fly punters back and forth

Yes. AIR management are touting a move from "survive" to "revive". Personally I think thats a bit premature. However, I suppose they are trying to spin it that way in order to try and prevent so much IP flying out the door in search market rates of pay. It must be hard for people to stay when they have taken a 30% haircut only to have even higher paid consultants come in to backfill the shortfall