AIR - Air NZ.

[QOH]

Poor Gary - should know better than to get grumpy with Air NZ Zealand

http://www.stuff.co.nz/entertainment...-for-two-years

I'm on AIRs side here, why should he expect to march into Koru lounge when he hasn't been a member for years, hope he lives somewhere that Jetstar flies from.

[Marilyn Munroe]

Poor Gary - should know better than to get grumpy with Air NZ Zealand

There are some things you should never do;

Invade Russia

Light a match to test for a gas leak

Tangle with the Merivale Matrons who run the Christchurch Koru Club.

Boop boop de do
Marilyn

[Beagle]

There are some things you should never do;

Invade Russia

Light a match to test for a gas leak

Tangle with the Merivale Matrons who run the Christchurch Koru Club.

Boop boop de do
Marilyn

http://www.stuff.co.nz/entertainment...-for-two-years

Interesting comments now below the article. Judging from the consensus plus's and minus's to the various comments it seems there is very little sympathy for Gary. I can't imagine they would have banned him without there being a serious fracas.

[Raz]

http://www.stuff.co.nz/entertainment...-for-two-years

Interesting comments now below the article. Judging from the consensus plus's and minus's to the various comments it seems there is very little sympathy for Gary. I can't imagine they would have banned him without there being a serious fracas.

The Koru staff in Christchurch are very flexible where able...be surprised if they were part of the problem.

Raz. CL's base salary $1.46m is very modest for a company turning over $5b plus with ~ 11,000 employees. VAH's Borghetti's base salary by comparison is $A1.95m, over 40% more, (currency adjusted) and just look at the relative performance of the two companies ! My opinion, if the bar was set higher to achieve vesting of shares his base salary would need to be adjusted up significantly.
Swings and roundabouts, you pay one way or the other.

Rodger i agree the base is way to low and should be increased, it not much more than a typically medical specialist working the hospital and private practice. The signal of executives continuing to cash up shares as a substitute is a bad signal and just not the norm. My first executive role was a AIM listed company in the UK and my last was as a VP for Fortune 500 based in NYC , every position expected you would not cash up shares unless you left...that is just standard..they pay you a great base and perks in the job and the shares are the cream for you long term future.

[Raz]

http://www.nzherald.co.nz/business/n...ectid=11756983

And on it goes..that Auckland hub thing may be a problem...

[winner69]

Gary in NZ Herald re AIR

"Apparently they have this anonymous committee who hand out edicts - just like the cultural revolution in China. I've no idea who they are, I've never met them, they have never asked me about what went on. I didn't think this sort of thing happened in New Zealand."

[Snow Leopard]

...For the LT investor: Personally i'm not too concerned whether AIR make 28 or 32c in FY17 EPS. The question is sustainability and ideally growth in profit from there. If sustained (along with cash flow) there is a bonanza in FY19-20. I did a few figures and have spoken to the CFO, basically over the next 4 years (if things stay stable), AIR could pay $1.80 in dividends. That's based on a 50c special in FY19, and a 60c special in 2020 plus recurring twenty something ordinary...

Now if you had said 50c in FY20 and 60c in FY21 I would give this some credence.

Best Wishes
Paper Tiger

[Balance]

http://www.theaustralian.com.au/busi...28fe5ae5676452

A positive for Air NZ.

[modandm]

Now if you had said 50c in FY20 and 60c in FY21 I would give this some credence.

Best Wishes
Paper Tiger

Thank you for noticing.

That would have been my initial conclusion, but I was reminded that fleet arrivals are usually in July-September (Q1), and that management would look to recommend specials pre-emptivly.

For anyone not following, I am suggesting the 2nd special (60c), would be paid in September 2020 (itself part of FY21) having been announced at FY20. This is a year earlier than one might presume looking at capex forecasts.

[workingdad]

Gary in NZ Herald re AIR

"Apparently they have this anonymous committee who hand out edicts - just like the cultural revolution in China. I've no idea who they are, I've never met them, they have never asked me about what went on. I didn't think this sort of thing happened in New Zealand."

All very vague from Gary with "trying to go somewhere and Air New Zealand... well the plane didn't leave and so forth. They said they would switch [me] to another flight and they didn't. I said, 'This was unacceptable'."The 65-year-old said he couldn't recall exactly when the disagreement happened. "I fly a lot. It wasn't last week. I can't even remember,"
Story updated with a release from AIR supporting the decision to ban him under standard procedures "In cases where there are behavioural issues over a long period of time and/or are serious enough for the Police to be involved, there comes a point where Air New Zealand is no longer willing to accept some customers for carriage on our services."

Not sure where he gets the comment he stopped being a member of Koru when they changed things and he couldn't take his family in. I just took my wife and 3 children in to Koru both Auckland and Brisbane on my membership without issue.

Me thinks Gary not going to fair well on this one and good on AIR for taking a stand against someone full of self importance not becoming to their stature.

I am pleased to see the SP hit 2.10 and showing some strength and a happy holder looking ahead, missed out on buying more at the 1.70s range thinking weakness was going to hang around for a while. Should have flipped the coin again and gone best out of three......