AIR - Air NZ.

[winner69]

Heather du Plessis - Allan opines on Jones going "crazy" and Labour's frenemies

http://www.nzherald.co.nz/nz/news/ar...ectid=12018200

I think AIR have their regional network where they want it now and this little storm in a teacup is nothing to be concerned about and note Grant Robertson said late this week that both Tony Carter and Chris Luxon are doing a good job.

Worth noting that when AIR axed the Kapiti coast to Christchurch route some time back not one whimper from any politician was forthcoming.

Possibly there will be a sit down with GR and the board and they will explain that the pilot situation is tight and the Government need to look at their funding for flight school students.

Overseas investors not worried that's the main thing.

Grant Robertson said late this week that both Tony Carter and Chris Luxon are doing a good job (beagle) ....but on the radio (after saying that) Robertson did float the possibility of influencing Air New Zealand’s decisions through board appointments.

Overseas investors not worried that's the main thing.......YET

[jimmybuffett]

https://www.stuff.co.nz/business/ind...intenance-hubs
...the plot thickens some more...is this just a political beat-up?

[winner69]

https://www.stuff.co.nz/business/ind...intenance-hubs
...the plot thickens some more...is this just a political beat-up?

The airline's shift of engineering jobs away from smaller centres reinforced his concerns about its direction: "I do feel that there is a certain elite culture that has taken root in the board of Air NZ and it's filtered through to the executive and they've forgotten that their major owner is the Crown." (Shane)

But on here we need to support and praise every move AIR make to earn an extra buck for the good of shareholders ....and if that means sonebody has to catch a bus from Wellington to New Plymouth for $30 instead of flying through Auckland which takes the same time sobeit.

That’s how the world works these days....esp if it’s driven by this ‘elite culture’ that Shane talks about

[Beagle]

Govt should nationalise Air NZ put Jones in as CEO and Board Chair then he can fly the airline wherever he likes. They are welcome to make me a takeover offer at $6 a share and I will accept. Whatever happened to N.Z. First's promises to reduce immigration and Jones promise to buy back the power company shares ? Just a load of hot air !
Jones should put up or shut up.

[jimmybuffett]

Jones should put up or shut up.

Chances of this happening, please advise in % terms...? LOL.

[Beagle]

Chances of this happening, please advise in % terms...? LOL.

Exactly the same percentage chance of him making good on other promises.

Whatever happened to N.Z. First's promises to reduce immigration and Jones promise to buy back the power company shares ?

lol

[Marilyn Munroe]

Those of you who have followed this thread for a while will recall my advocating John Key to sell Cullen Airlines to Etihad.

Mathew Hooton has an op-ed in a similar vain in the NZ Herald asking why does the government own an airline.

A sale to Etihad is less likely now. That have stumbled with their airline ownership ventures in Europe so are likely to be gun shy of doing the same. The oil price crash has also restrained the sand states from their previous if it flies buy it strategy.

http://www.nzherald.co.nz/business/n...ectid=12018308

Boop boop de do
Marilyn

[westerly]

Govt should nationalise Air NZ put Jones in as CEO and Board Chair then he can fly the airline wherever he likes. They are welcome to make me a takeover offer at $6 a share and I will accept. Whatever happened to N.Z. First's promises to reduce immigration and Jones promise to buy back the power company shares ? Just a load of hot air !
Jones should put up or shut up.

https://www.stuff.co.nz/national/politics/102530006/

Another viewpoint, especially as the taxpayer has a major interest in the company

westerly

[Baa_Baa]

https://www.stuff.co.nz/national/politics/102530006/

Another viewpoint, especially as the taxpayer has a major interest in the company

westerly

This one isn't just going to go away is it. However vested or not the taxpayer is in AIR, the company with its majority Crown ownership cannot, because it will not be allowed to, function purely as a commercial entity focused solely on returns to its shareholders. The implicit, if not direct responsibility to provide a social service, seems destined to undermine shareholder value as the greater powers vest their interest. Given the lopsided balance of AIR ownership between the Crown and offshore interests with a minority of minnows, the downside SP risk seems imminent should the government take a stance of principles versus pure financial returns.

[iceman]

This one isn't just going to go away is it. However vested or not the taxpayer is in AIR, the company with its majority Crown ownership cannot, because it will not be allowed to, function purely as a commercial entity focused solely on returns to its shareholders. The implicit, if not direct responsibility to provide a social service, seems destined to undermine shareholder value as the greater powers vest their interest. Given the lopsided balance of AIR ownership between the Crown and offshore interests with a minority of minnows, the downside SP risk seems imminent should the government take a stance of principles versus pure financial returns.

I agree totally with this Baa baa. I think this has now become a real risk to us small SH in this company and Jones and NZ First are going to play a political game with it. The Government shareholdings in AIR and all the gentailers should be transferred into the Superfund to remove it an armslenght from politicians, or sold.