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Investors beware — don't all move to the same side of the boat. By Brian Gaynor

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Air NZ’s Saudi contract apology: 'We have fallen short'

Pattrick Smellie
Thu, 11 Feb 2021

Air NZ CEO Greg Foran and chair Therese Walsh
Pattrick Smellie
Thu, 11 Feb 2021
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Air New Zealand gave a textbook apology for allowing its gas turbines unit to do work for the Saudi Arabian navy, with chief executive Greg Foran telling MPs at Parliament the airline is “not where we need to be” in its processes.The national airline has been deeply embarrassed by news reports this week that its low-key specialist engineering unit had taken on contracts through a German third party to repair two Saudi naval ships' engines and a gas-fired power plant belonging to the navy.Saudi Arabia is blockading ports of its n...

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