AIR - Air NZ.

[Raz]

Rereading the recent The Listener article on Luxon


Coming of age in the late 1980s and *witnessing the wreckage of the first faltering steps of the unshackled New Zealand economy, Luxon divined he would be a moral force in business. Making money was important but so was doing good – hence his bent for profit-sharing and sustainability.


Like the bit about profit sharing

Are you really giving this much weight. If you want to be a moral force in business then you don't decide to work for a company that is government majority owned or have other stakeholders with other agendas. You have to park your values and meet the political or other agenda of the day and we will see that.. instead you establish and run a charity reflecting those moral values..although that doesn't pay that well...

[BIRMANBOY]

That's a very black and white view...I think we live in a 'fifty shades of grey" world. Plenty of scope for individuals ..even in the deepest darkest govt. offices.

Are you really giving this much weight. If you want to be a moral force in business then you don't decide to work for a company that is government majority owned or have other stakeholders with other agendas. You have to park your values and meet the political or other agenda of the day and we will see that.. instead you establish and run a charity reflecting those moral values..although that doesn't pay that well...

[workingdad]

Does anyone think AIR will get 450million for its VAH stake?

[cyclist]

Does anyone think AIR will get 450million for its VAH stake?

Pretty hard to imagine, unless that also includes repayment of their recent "prop up" loan. The vacuum of any official statements on this whole thing is starting to get wearying.

[mikeybycrikey]

Does anyone think AIR will get 450million for its VAH stake?

Based on the current SP, you'd be looking at $270m. Whether they are going to sell above or below the current SP is anyone's guess! On top of that, they might be able to free up the $150m loan facility that was announced in March (although it's unclear to me if that money has actually been lent or if it's just a facility that may be drawn down later).

It's so hard to know what they would get for it though. How do you price a company that barely makes a profit and may never make a profit?

[winner69]

Mikey - strategic value, never under estimate it

[mondograss]

HNA Group is apparently paying 0.30 per share of VAH and intends to increase its holding to 19.99%. I wonder if they'll take some of AIR's stake.

http://www.asx.com.au/asxpdf/2016053...9rnmtr05fl.pdf

[blockhead]

This is the sort of Strategic value Virgin can have, won't do AIR's negotiations any harm either.

http://www.stuff.co.nz/business/worl...h-hna-aviation

[bull....]

HNA Group is apparently paying 0.30 per share of VAH and intends to increase its holding to 19.99%. I wonder if they'll take some of AIR's stake.

http://www.asx.com.au/asxpdf/2016053...9rnmtr05fl.pdf

so air nz holding has been diluted? by the placement.

if they got 30c for there holding would roughly worth about 20 odd cents per share of the top of my head and they may want some it for new aircraft? and a small special div

[Raz]

HNA Group is apparently paying 0.30 per share of VAH and intends to increase its holding to 19.99%. I wonder if they'll take some of AIR's stake.

http://www.asx.com.au/asxpdf/2016053...9rnmtr05fl.pdf

Thats why the share price is up for IAR this am.