Finance ministers: no need for crown to own 100% of Air NZ

Currently the crown owns 51% of Air NZ. (Image: Getty)

Fri, 06 Jan 2023

Finance ministers Grant Robertson and David Parker told their cabinet colleagues the government did not need to nationalise Air New Zealand when it was preparing for its capital raise.Instead, remaining the majority shareholder was the best way to achieve the objectives of the airline, according to a cabinet paper.The paper was put to cabinet back in December 2021, when the national carrier was preparing for its capital raise, asking ministers to confirm the crown would participate in the raise to maintain its 51% stake.The raise was announced...

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