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Gull releases ethanol for sanitiser supplies
Fuel retailer Gull has released thousands of litres of ethanol to fill a critical supply shortage of the ingredient used in hand sanitiser.Local production of sanitiser has come to a standstill just as covd-19 has boosted global demand and put pressure on ethanol supplies. Ethano...
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Govt throws Air NZ a $900m lifeline
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...
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Tourism Holdings cancels dividend, cuts executive pay
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...
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Airlines still in talks with govt as first tranche of package rolled out
Airlines are still in talks with the government about how to keep their services running as more and more routes get suspended.Transport Minister Phil Twyford today announced where almost half of the $600 million aviation support package will go – largely covering government fees...
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