As this article comes from a NZ news source it is
well worth the read as to the reason the whole mess
happened in the first place. Just 2 paragraphs from this
interesting article from the land of the long white cloud.
Direct from NZ........15/4/02
"The collapse of Air New Zealand was the fault of the government and its politics. That is the only and stark conclusion to draw from the raft of documents released by the government last week."
"Simply, Clark and Cullen are blinkered by their political prejudices. Worse, Air NZ is not an isolated incident. Their cold-shouldering of the recent Boston Consulting Group report on foreign direct investment suggests they are deeply uncomfortable with the concept of using overseas capital to build the New Zealand economy."