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...

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