Airwork awarded $2 mln plus interest in claim against Totally Tourism

Paul McBeth
Tue, 17 May 2016

By Paul McBeth May 17 (BusinessDesk) - Airwork Holdings, the aviation industry service provider, won its claim in the High Court against Totally Tourism's The Helicopter Line unit over a helicopter supply deal that soured.  The High Court today ruled in favour of Airwork's Heli Holdings subsidiary, ordering The Helicopter Line to pay just over $2 million plus interest from September 2013, though costs will be dealt with separately, the company said in a statement. Airwork hadn't previously recognised the earnings subject to the claim, and...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Policy
Seasonal work visa for fruit and wine harvests
Dan Brunskill | Tue, 22 Sep 2020

New visa will be automatically given to about 11,000 people with expiring visas. 

Coronavirus
Covid vaccine: Why NZ bought options for 5 million doses
Brent Melville | Tue, 22 Sep 2020

A back-of-the-envelope calculation shows NZ’s $26.7 million upfront payment to WHO's Gavi vaccine alliance has bought it an option for 5.15 million doses, once it's developed.

Markets
MARKET OPEN: Kiwi slumps as traders lose their nerve
Paul McBeth | Tue, 22 Sep 2020

The New Zealand dollar dropped more than 1 US cent as traders dumped risk-sensitive assets amid renewed fears about the economic impact of the covid-19 pandemic.The kiwi dropped to 66.66 US cents at 8am in Wellington from 67.71 cents at 5pm yesterday, joining an extended selloff...

Partner Content
The whole story behind good investment decisions

If there was ever a time when strong financial metrics were the single trademark of a good company, that time has long passed. Responsible investors need to know beyond the profit a company will generate this year or next.

Sponsored
Canon Business: Premium solutions for Commercial Bay

Precinct Properties is the largest owner and developer of premium inner-city business space in Auckland and Wellington, its latest flagship success is the transformational Commercial Bay on Auckland's waterfront. Canon knew that for such a high-calibre client, only a premium bespoke purpose-built solution would suffice when it came to providing market-leading print, mail and courier services to over 10,000 tenants in the development.