'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

Channel looks to raise $50m, inks deal with Fletcher subsidiary
Markets

Channel looks to raise $50m, inks deal with Fletcher subsidiary

Projects expected to deliver $120m in incremental revenue over 15-year period. 

Margaret Warrington appointed Summerset's CFO
Markets

Margaret Warrington appointed Summerset's CFO

Warrington will join the group in late February next year.

Air NZ continuing to be whacked by aircraft availability issues
Economy

Air NZ continuing to be whacked by aircraft availability issues

Air New Zealand expects a half year pre tax earnings result of $120 million to $160m.