PPRuNe Forums - View Single Post - Air NZ into bankruptcy again
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Old 25th Aug 2005, 09:17
  #11 (permalink)  
MOR
 
Join Date: Feb 2000
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Plas Teek

Nah, go on, I think you post something about that...

Air NZ got what they paid for with Ansett.. a big, money-absorbing, failure. It was dead long before Air NZ got it.

Norris and Air NZ may have received a cash injection from an investor (not a handout as the Origin Pacific sycophants will tell you), but if he hadn't used it wisely, and implemented the correct sweeping changes, Air NZ would have been bankrupt again shortly thereafter.

As it is, they are simply doing what other big carriers are doing - and many of those are making large profits.

Having said all that, if they can't survive in the current climate, they should be allowed to die - assuming a merger with Qantas is permanently off the cards. Norris was right about that.
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