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

Air NZ’s Saudi contract apology: 'We have fallen short'
Air NZ CEO Greg Foran and chair Therese Walsh
Pattrick Smellie
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...

More Services

Sharesies founders sell down
Markets

Sharesies founders sell down

Global tech investor Rahul Mehta appears in Companies Office filings for the first time.

Pattrick Smellie 05 Nov 2025
Latest cap raise values Sharesies at $750m
Markets

Latest cap raise values Sharesies at $750m

In its eighth raise since 2017, Sharesies values its shares at $205 apiece.

Pattrick Smellie 10 Oct 2025
Two MC partners quit for specialist firm
Services

Two MC partners quit for specialist firm

Cuncannon now has a broader commercial offering. 

Staff reporters 06 Oct 2025
DB Breweries appoints new MD
Retail

DB Breweries appoints new MD

Peter Hart returns to NZ.

Victoria Young 01 Oct 2025