Hang on
Well isn't Air New Zealand shares about to be floated or maybe sometime in the near future.Purpose the Government to get there money back.So if you have Million in spare cash would you put into this Airline or any Airline.So is the balance sheet going to show anything other than a profit.If you looked at and were able to ask would you find that future costs such as Engine overhauls and Airframe checks are included.So what are there liabilities.I have not looked closely have you.They want there money back.One of the problems today is Standard dont start from the bottom up they start from the top down.So what did the NZ Government say to the accountants.Have you really found a real Gem here or are we looking at fools Gold