Forum Archive Index - August 2001

["Brian Jones" <ibbij@hotmail.com>]

Of course the Labour/Alliance Govt. is not responsible for Air NZ's 
problems.They do however, have quite a lot at stake politically, whether 
they like it or not.
Snoopy, can you give a reference for the comment that BIL wont take up a 
cash issue.Haven't seen it anywhere.With BIL and SIA having a common major 
shareholder(the Singaporean Govt) I can't see them not doing so.
I can't see how being 'unlucky'(fuel prices, $NZ/US,Millenium,Olympics)is 
painting yourself into a corner.
Any rights issue would be organised so that the foreign ownership issue you 
mention would be precluded.
I think, with Singapore Airlines as a major shareholder, a suitably 
discounted cash issue would be snapped up bearing in mind It wouldn't need 
to be offered immediately.
I agree that an arrangement with Virgin Blue would be desirable but there is 
no reason why Ansett cannot regain market share without it,given  sufficient 
resources and some innovative marketing/management.
I have no doubt that Air NZ will eventually work things through to 
profitability.The pending Govt. decision however, may mean it ends up in a 
different form than many people had in mind.
Regards
Brian.
Disc. Hold A shares.

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