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Old 24th Sep 2001, 05:12
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Wirraway
 
Join Date: Mar 2001
Location: Townsville,Nth Queensland
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[Dow Jones] Air NZ's market cap slumps to NZ$130 million from NZ$1.2 billion six months ago after shares collapse, making government and shareholder rescue plan look even shakier. Recap package set at maximum price of 67 NZ cents for Singapore Airlines and Brierley Investments ), but A shares at record low 16 cents and B-shares 15 cents. NZ PM Helen Clark fuels speculation NZ flag carrier could be headed for statutory management, a form of administration, calls it "a viable option". (IGP)
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