Air NZ's philanthropic programme for dividends won't extend to cash-hungry Crown

Tue, 22 Sep 2015

By Suze Metherell Sept. 22 (BusinessDesk) - Air New Zealand has proposed that shareholders reinvest their dividends for philanthropic endeavours as part of its sustainability aims but the concept won't be foisted on its biggest shareholder, the Crown, which is urging state-owned businesses to maximise payouts. The Auckland-based airline is planning to offer retail shareholders a "gividend" in 2016 as part of a sustainability push, letting them reinvest their dividend payments into organisations which address social and environmental chall...

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