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

‘Battle-hardened’ Trade Window eyes growth
Markets

‘Battle-hardened’ Trade Window eyes growth

The customs software minnow has weathered the storm. What next?

Pattrick Smellie 21 Nov 2024
Crimson big enough for ASX IPO: Beaton
Finance

Crimson big enough for ASX IPO: Beaton

A US market listing at a greater scale looks more likely.

Pattrick Smellie 06 Nov 2024
CoreLogic data suggests property market floor is nigh
Property

CoreLogic data suggests property market floor is nigh

Broad economic trends underpin the latest figures, CoreLogic's economist says.

Spark outlines more possible asset sales
Finance

Spark outlines more possible asset sales

The Spark board has a calculation to make about dividend reinvestment policy.

Pattrick Smellie 31 Oct 2024