The government will loan Air New Zealand up to $900 million over the next two years to keep the national carrier afloat, and may convert that debt to equity.Finance Minister Grant Robertson today said the government stepped in to ensure the national airline – of which it owns 52...
Tourism Holdings has cancelled its first-half dividend, slashed director and executive pay and will make its campervans available for emergency accommodation.The company said it won't pay the 10 cents per share divided due to be paid in May because of the increasing uncertainty...
The government says increasing receipts from fuel excise and road user charges will help lift transport investment in the coming decade to a record $54 billion.The draft government policy statement on land transport shows annual expenditure from the national land transport fund r...
Finance Minister Grant Robertson says he is still in talks with national carrier Air New Zealand, which is excluded from a $600 million package for the aviation sector.The government outlined an indicative plan – subject to Cabinet approval - in the broader aviation sector to pro...
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articles by Oliver