Articles tagged Air NZ

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.

Updated

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?

Meridian Energy shares were priced at NZ$1.50, which was the bottom end of the indicated range and means the Government will struggle to hit the lower end of its NZ$5 billion to NZ$7 billion target for asset sale proceeds.