Steve Maharey was appointed to chair Pharmac, Kim Campbell announced he was resigning as EMA CEO without a replacement, Therese Walsh is replacing Tony Carter as Air New Zealand chair next year, Co-op Money confirmed interim CEO Jonathan Lee as its permanent CEO and appointed Richard Westlake as a director, and LINZ announced a Land and Water Forum-type group to advise on High Country tenure review.
News in the political economy since Friday included:
Air New Zealand’s international routes will bear the brunt of oil prices near a 3 and a half year high as stiffer competition and the cost of flying vast distances set a higher bar for the national carrier than the domestic market, analysts say.
Here is the news that mattered this morning in New Zealand's political economy, including a looming decision on dealing with mycoplasma bovis, the start of printing of Budget 2018, a blowout in the state housing needs list, Shane Jones' latest attack on Air New Zealand and North Korea's threat to the nuclear summit next month.
Z Energy announced in 2014 it would build a biofuel plant to produce 20 million litres of diesel a year from waste animal fats. Newsroom's Business Editor Nikki Mandow went to the still idle factory in Manukau to find out what's holding up production and why Z Energy is still pushing ahead.
Air New Zealand's surprise split from Virgin Australia shows yet again why culture eats strategy for lunch. Nikki Mandow details the five factors behind the split.
Rod Oram reports in his column this week on a growing mood at the top levels of New Zealand's business community for any new Government to create a climate commission and take sustainability seriously. Those calling for change include Air New Zealand's Christopher Luxon and Sir Rob Fenwick.
The Commerce Commission has closed its investigation into Air New Zealand 's flat credit card charge of NZ$4 per flight per person, concluding the charge was not misleading and Air New Zealand was not making an overall profit on the charges.
Statistics NZ has reported a 12% fall in the number of tourists arriving from China in October from a year ago because of a law change in China, but Auckland Airport has described the change as something of a blessing in disguise.
The Government's announcement on Sunday it will sell around 220 million shares in Air New Zealand through a book-build to brokers and fund managers begs one question. Will the Government make a profit on the NZ$885 million it injected into Air New Zealand in 2002 to rescue it from bankruptcy?