Air New Zealand Seeking More Cost-Cutting Opportunities
By Adrian Schofield firstname.lastname@example.org
Source: AWIN First
Having the government of New Zealand as majority owner has given Air New Zealand a “stable ownership” platform to execute its turnaround, says the carrier’s Chairman John Palmer. The airline has contributed over NZ$500 million in dividends to the government since it bailed out Air New Zealand in 2001. The government has indicated that it intends to reduce its stake in the airline, but it remains unclear when this will occur.