PPRuNe Forums - View Single Post - MERGED: Alan's still not happy......
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Old 30th Nov 2013, 03:13
  #267 (permalink)  
404 Titan
 
Join Date: May 2002
Location: Asia
Age: 56
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tech-line
ANZ delayed with 787 they got money from Boeing they spent it on the aircraft they spent it on the people and the service.
767's got winglets, better IFE and 320's got IFE you don't hear them crying oh it's not my fault! They have had competition in NZ for years they stayed mobile
I find it strange you use Air New Zealand as an example. You may have forgotten but NZ was bailed out by the NZ government in 2002 to the tune of $885M. It consisted of a $300M loan by way of convertible preference shares at $0.24 - $0.27 each and a $585M investment. Once complete the government had a 82% stake in the national carrier. They have only just sold 20% of their shares for $1.65 each netting $365M for the NZ tax payer on top of the $840M in dividends in the last 11 years but at the same time retaining a 53% controlling interest in the national carrier.
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