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Air New Zealand long and expensive recovery

Auckland, New Zealand - Government to support financial costs even into the new financial year

To save Air New Zealand will cost huge amounts of money to Auckland government, which in fact will face costs in the new financial year as well. According to official documentation, in addition to NZDbn 1,04 New Zealand government spent to take control of 83% of the Auckland-based airline, the air carrier will need NZDm 670 more. According to economists this could have a strong and negative impact...

AVIONEWS - World Aeronautical Press Agency - 26367
Rome, Italy, 04/11/2002 16:19
AVIONEWS - World Aeronautical Press Agency

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