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?
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.