'That' letter from the govt to Air NZ: what's really in it?

'That' letter from the govt to Air NZ: what's really in it?
Grant Robertson has reminded Air NZ where the power and the money lies.
Pattrick Smellie
Depending on the angle of the sun, the government’s latest letter of expectations to the board of Air New Zealand can be read one of two ways.It is either evidence Muldoon's ghost bestrides the land. Or it is a perfectly reasonable letter for a majority shareholder to write.The truth is somewhere between those two markers, skewed heavily towards the latter interpretation.However, the letter is also a classic of the genre of political instruction to government-owned commercial entities, requiring forensic linguistic skills to decipher...

More Markets

International winds of uncertainty blow over NZ sharemarket
Markets Market Close

International winds of uncertainty blow over NZ sharemarket

Markets enter a quiet period after the reporting season. 

Infratil's renewables stake drops by US$133m
Markets

Infratil's renewables stake drops by US$133m

Infratil provided updated valuations on three investments.

John Anthony 07 Mar 2025
NZME board spill support builds towards 50%
Markets

NZME board spill support builds towards 50%

An update to the NZX says more shareholders are expressing support for board changes.

Pattrick Smellie 07 Mar 2025
Tech titans eye NZ's new golden visas
Policy

Tech titans eye NZ's new golden visas

Investors with tens of millions were 'priced out of the market'. Not any more.