Airways meets government request for higher dividend payments

Tue, 01 Sep 2015

By Tina Morrison Sept. 1 (BusinessDesk) - Airways Corp of New Zealand, the state-owned enterprise in charge of the nation's air traffic control, has met a government request for a higher dividend payment in its latest financial year and promised to increase it further this year. State-Owned Enterprises Minister Todd McClay wrote to Airways chair Susan Paterson in December 2014 outlining the government's expectation of dividends, and noting that Airways had been paying a reduced dividend while it invested in a shift from radar to satellite...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Opinion
No-nonsense words for fund managers
David Chaplin | Wed, 18 May 2022

The Financial Markets Authority will pay closer attention the practice of bundling up advice fees and trail commissions within products and the use of cash rate-based performance indexes. 

Markets Market close
NZ shares slide on recession risk
Dan Brunskill | Tue, 17 May 2022

Central banks are expected to rapidly tighten policy, the risk of an energy crisis in Europe remains, and economic activity in China has been slowing.

Markets
BitPrime calls on crypto community for cash
Dan Brunskill | Tue, 17 May 2022

The crypto retailers plan to create a decentralised autonomous organisation to give supporters a say in how the business is run. 

Sponsored
Grow your business by taking time to plan

Getting business fundamentals right gives the best chance at beating the unplannable.

Partner content
More fuel storage needed now

Boosting fuel reserves could prevent social & economic disruption.