Airlines still in talks with govt as first tranche of package rolled out

Airlines still in talks with govt as first tranche of package rolled out
Paul McBeth
Airlines are still in talks with the government about how to keep their services running as more and more routes get suspended.Transport Minister Phil Twyford today announced where almost half of the $600 million aviation support package will go – largely covering government fees and keeping air traffic service provider Airways operating.About $163 million will go to airlines to pay passenger-based charges used to help fund the Civil Aviation Service, Aviation Security Services, Customs, and biosecurity. And another $37 million of support will...

More Economy

Cost-benefit issues in spotlight amid RBNZ review
Finance

Cost-benefit issues in spotlight amid RBNZ review

The Reserve Bank of NZ had received 42 submissions to the review.

Andy Macdonald 09 Oct 2025
ANZ first bank to react to OCR cut
Economy

ANZ first bank to react to OCR cut

ANZ is the first bank to react after the Reserve Bank’s 50-basis-point official cash rate cut on Wednesday.“Lower interest rates are helping, and more and more customers are seeing the benefit of rate cuts,” Grant Knuckey, a managing director at ANZ, said.“We’ve ... [seen] people...

Staff reporters 08 Oct 2025
RBNZ cuts to 2.5% with more on the table
Economy

RBNZ cuts to 2.5% with more on the table

The committee remains open to further reductions, it said. 

Rebecca Howard 08 Oct 2025
RBNZ cuts OCR to 2.5%
Economy

RBNZ cuts OCR to 2.5%

RBNZ says its open to cutting more if necessary. 

Rebecca Howard 08 Oct 2025