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AIR NEW ZEALAND TO GET GOVERNMENT BAILOUT

NEW ZEALAND, The government of New Zealand is to provide an additional $62 million into Air New Zealand Ltd. The government will increase its stake to at least 82%. Brierley Investments Ltd. and Singapore Airlines Ltd. interest is to be reduced below 5.45% and 4.5%, respectively. Finance Minister Michael Cullen said "we acknowledge that Air New Zealand faces considerable uncertainties in the near term...

AVIONEWS - World Aeronautical Press Agency - 20697
Rome, Italy, 11/28/2001 13:48
AVIONEWS - World Aeronautical Press Agency

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