Little as well as Goff supported selling 25% of Air NZ to Qantas

November 22nd, 2011 at 4:48 pm by David Farrar

From the old nzoom website:

Air New Zealand and Qantas have announced an alliance which will give Qantas up to 22.5% of its smaller transtasman rival. …

Engineering Union national secretary, , says Air New Zealand needs a larger partner, such as Qantas, if it is to be financially secure in the long-term. He says his members will not have job security while Air New Zealand remains a small South Pacific airline, but they will not want to be swamped by the Qantas brand.

So that is both Phil Goff and Andrew Little on the record as having supported Labour’s plans to sell 25% of to Qantas in 2002.

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18 Responses to “Little as well as Goff supported selling 25% of Air NZ to Qantas”

  1. BeaB (2,148 comments) says:

    Imagine a world where the news media actually looked into these issues and kept us fully informed. Instead we get any old rubbish put out by anyone, opinion pieces of varying quality and PR fluff.
    No wonder so many of us read blogs like yours and no longer buy a newspaper.

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  2. lastmanstanding (1,304 comments) says:

    Ahh yes but we know Politcans change their minds and their views more often than most folks visit the toilet.

    They are individually and collectively incapable of holding to a consistent position. AND they always blame someone or something else for changing their minds.

    Never their fault They are infallible legends in their own minds.

    they are incapable of taking responsibility for their actions and thats why folks we have vast numbers of citizens mostly under 40 yrs(cause thats how long we have had to put up with these wessels ) who like their role models are incapable of taking any responsibility.

    Think those on a benefit. The state owes me its not ny fault its the other fellas.

    Pathetic morons all of them.

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  3. East Wellington Superhero (1,151 comments) says:

    The thing is, that times change. What might have made sense in 2002, may not make sense now. So I don’t hold it against politicians that change their minds on certain issues as time goes on. A lot can happen in nine years after all! The problem is, is that the current batch of Labour MPs talk about asset ownership as though it’s the 11th Commandment, and therefore place them in the hypocrites seat with their current asset sales policy/propaganda.

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  4. East Wellington Superhero (1,151 comments) says:

    On a different note. I’ve had a few free afternoons in the last few weeks due to workload, and I’ve been listening to RadioNZ (and some RadioLive). Oh my gosh it struck me today. It strikes my what a bunch of whinging babies and losers that make up the afternoon panel with Jim Morah. I don’t mind Jim – and suspect he gets frustrated with mid-calibre people that attend the show (no offense to DPF who was on today) – but the people are so painful. “Who do we blame”, “What’s wrong with this!, “Why can’t the gummit do that”. My two grandfathers who were servicemen in the war would wonder what has beset this nation, with is nutless, helpless, and seemingly clueless, radio commentators. Sigh.

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  5. ross (1,437 comments) says:

    The Government has consistently said that State assets will stay in NZ hands. But that turns out to be bullshit. There is no cap on foreign ownership and Tresury hasn’t advised on this matter.

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  6. Mark (1,493 comments) says:

    DPF a question. Whilst we accept that the sale of assets may be a good thing. Does it make as much sense in a very weak equities market at a time when interest rates are very low. NZ sovereign debt whilst high at just under 60% of GDP it is not critical. Our problems are more around private sector debt. Or is national going to be idealogically driven no matter what the commercial sense of it is.

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  7. Pete George (23,687 comments) says:

    It’s up to the public whether the part ownership stays in New Zealand or not. if new Zealand individuals, companies or investment funds want the shares they’ll stay here. If not they could go overseas, if the price is right. I don’t see a problem with that, but I’d be very surprised that if at least Kiwisaver funds don’t snap up the shares.

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  8. oldpark () says:

    Notice the last bastion of news fairness taxpayer funded TVNZ has thrown their lot in with the LIE-BOR party .Wonder why with their so called revelations discloser they ommitted to mention Goff and Littles secret plan to sell off most of AIR NEW ZEALAND a few years ago.I see the other taxfunded channel TV3 has gotten up the nose of TVNZ and we now are getting the debatable spin.Why the hell are they so sanctimonious when Goff and his brigands sold off most of NZ in the period 1984 to 1990.Will they mention Lie-bors dawn raids on the Pacific Islanders as well how they cruzified thousands of beneficiares in 2004.There is as much chance of mentioning that,as Phil Goff and Annette King telling us the truth of why a naked teenager was seen running out of Kings house in Haitaitai last March.Or Why Darren Hughes the alleged participant had to resign.

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  9. expat (4,050 comments) says:

    @ mark ” Does it make as much sense in a very weak equities market at a time when interest rates are very low”

    Yes it does make sense. Investors are starved of quality offerings and a hugely stable utility with good dividends will demand a good price.

    Institutional fund managers (like JB Were), imho, are already undertaking quiet book building exercises amongst HNW individuals around NZ.

    HTH’s.

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  10. Manolo (14,082 comments) says:

    “Three hats” Little has maintained a surprising low profile during the campaign.
    It seems that he doesn’t to get involved or associated with Goff & co in preparation for further moves within the socialist party.

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  11. Anthony (798 comments) says:

    The equities markets aren’t that weak – and could be a lot weaker – so no sense in saying now is not the time to sell!

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  12. reid (16,634 comments) says:

    “Three hats” Little has maintained a surprising low profile during the campaign. It seems that he doesn’t to get involved or associated with Goff & co in preparation for further moves within the socialist party.

    Thanks for that astute observation Manolo. You’re quite right, he has maintained a surprisingly low profile.

    There’s Little in the longer term, immediately we have Jones, Cunliffe and Parker as contenders for Liarbore. Watch Arden through all of this, BTW. My theory is, she and Hughes are or were Hulun’s hand-picked proteges with accordant access to all sorts of advice and resources. Watch her.

    But for now, when the time comes, my bet is Cunliffe will out-maneuver Parker.

    The equities markets aren’t that weak

    The markets are critical Anthony. Not sure if you’re looking at Italian bond yields?

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  13. Pete George (23,687 comments) says:

    Someone made an interesting observation earlier (maybe on Twitter) that Goff was saying National must be panicing about New Plymouth because Key had been there twice – but more telling, Goff hasn’t been there at all.

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  14. Anthony (798 comments) says:

    Bonds aren’t equities – a lot of shares are still priced much higher than 2008

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  15. libertyscott (359 comments) says:

    About time this was being raised, I raised it a few weeks ago. Of course it simply proves my long standing point that New Zealand doesn’t have political journalism worth spitting at, because so many of them have short memories and knowledge.

    Of course nobody should forget that Labour vetoed Singapore Airlines buying 49% of Air New Zealand when it was fully privately owned, because Qantas lobbied it seeking to buy a stake instead (to stop the competitive threat). The stringing out of that issue, whilst Air NZ lost a fortune with Ansett, saw Air NZ go under and Labour renationalised it.

    Had Labour simply taken the advice of the Air NZ board and given Singapore Airlines the nod to buy it, then the whole airline would still be in private ownership. Of course, Labour likes to pretend that it didn’t sell 100% Air New Zealand in 1989 in the first place, with Phil Goff in Cabinet then.

    Now, about the media’s honeymoon with the Green Party, applying next to no scrutiny to its record of misrepresentations, scaremongering and draconian policies (such as putting the press under the scrutiny of the state for “fairness”).

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  16. mistywindow (27 comments) says:

    I understand the economic logic of asset sales, nevertheless I’m not generally in favour, particularly of strategic and monopoly assets. Having said that, 100% of Air New Zealand should be on the auction block before lunchtime.

    In view of:

    1. the global economic mess,
    2. New Zealand’s own decline with not a single party having any answers (except arguably totally dysfunctional ACT), and
    3. the almost inevitable exponential increase in liquid fuel prices in the short to medium term,

    anybody who invests long term in an airline is an idiot.

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  17. mistywindow (27 comments) says:

    And another thing.

    :)

    I have a question for you all.

    I’ve been voting for almost 50 years. I’ve voted National every time bar two elections: I bailed out on Think Big (protest vote to Social Credit) and I voted for the second Lange government. I will not vote for a continuation of the gutless, duplicitous John Key government.

    This time I’m probably going to spoil my vote with a big black line through the whole bloody lot of them.

    Can any of you give me an inspirational reason to vote for any of these losers?

    Listener letter writer John Mihaljevic had the answer:
    http://www.justwondering.co.nz/thanks-but-no-thanks/

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  18. Salacious Crumb (31 comments) says:

    You might want to turn on the expelair there Misty.
    Air NZ has been one of the best performing airlines internationally in spite of the GFC and Christchurch.
    Their capital expenditure program based on the new boeing dreamliners will see significant operating cost reduction which will mitigate potential fuel price rise or at best, increase profitibality.
    Arguably one of the best run organisations in NZ. The gummit would be insane to offload their shares at this point.

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