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National Party alleges the Government 'planted' union official on Air NZ board

“Recommendations are discussed with the minister of finance in his capacity as shareholding minister,” Walsh said.
ALDEN WILLIAMS/Stuff
Air New Zealand’s board has appointed three new directors.
The three new appointees were selected to provide further digital, strategic and employment relations expertise to support Air New Zealand’s “revive” phase, and to support management’s objectives of prioritising people and customers and investing in digital solutions that empower customers, she said.
Bayley noted that Goulter’s appointment came after Robertson sent a letter to Air New Zealand in April setting out the Government’s expectations from the airline, including to maintain domestic destinations, continue to meet environmental sustainability outcomes, and enhance its role as a leader for best workplace relations. ....

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Govt increases Air NZ loan by $600m

Govt increases Air NZ loan by $600m
© RNZ / Dan Cook
The government has increased how much money Air New Zealand can borrow, as it defers its plan for a capital raise until September.
The national carrier had initially planned to tap shareholders for a cash injection around June.
However, the company has delayed that until late September as it assesses recent developments such as the vaccine roll-out, an extension to the airfreight capacity scheme, and the opening of a trans-Tasman bubble.
These developments are good news and fundamental to Air New Zealand s return to success, but the storm hasn t cleared yet, Air New Zealand chair Therese Walsh said. ....

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Citing pandemic uncertainty, Air New Zealand delays proposed capital raise

Citing pandemic uncertainty, Air New Zealand delays proposed capital raise
flightglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from flightglobal.com Daily Mail and Mail on Sunday newspapers.

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Business Insider: Fresh details emerge about Sean Plunket's media ambitions

Business Insider: Fresh details emerge about Sean Plunket s media ambitions
1 Apr, 2021 11:00 PM
5 minutes to read
Controversial broadcaster Sean Plunket is mulling a comeback. Photo / File
THE INSIDER
Stay up-to-date with The Insider, a weekly column featuring what s happening behind the scenes in business.
Plans are apparently underway to create a new media platform for New Zealanders who claim to have been exiled
from existing media platforms.
Integral to this is former Magic Talk radio host Sean Plunket, who is now listed as a director of a newly formed media company.
The company, dubbed Impartial Media, was quietly registered on the Companies Office last month and is fully owned by Wellington-based Mark Jones. Sources say an online radio show called The Platform is being worked on. ....

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Air New Zealand revenue tumbles, airline posts $72m half-year loss

The enormous financial impact of Covid-19 continues to be felt by Air New Zealand.
The airline has posted a $72m loss for the six months to December. File photo
Photo: RNZ / Dan Cook
The airline has posted a net loss of $72 million for the six months ended December, compared with a profit of $101 million for the same period in 2019, pre-Covid.
Revenue sank 59 percent to $1.2 billion with network flying down by 65 percent.
Chief executive Greg Foran said he was proud of what Air New Zealand had achieved in the context of a global pandemic.
While we made significant changes to our business and cost base, and did this more quickly than most airlines, since the outbreak of the pandemic we have still burnt through over $1 billion in our own cash reserves - that s just huge. ....

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