Air NZ slapped on wrist for disclosure breach

Fri, 18 Dec 2020

The NZ Markets Disciplinary Tribunal has publicly censured Air New Zealand for failing to provide material information to the market and fined it $40,000. The censure and fine are part of a settlement between the NZX regulator and Air NZ. According to the tribunal, Air NZ did not release material information promptly once it became aware of it and did not release it via the NZX’s market platform before releasing it to any other party.The problem dates back to when covid-19 began to seriously impact markets, particularly those in...

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