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Is Air New Zealand 80% owned by the New Zealand government still?

Posted: Sun Jun 02, 2019 7:33 am
by UAUA
After the collapse of Ansett Australia the New Zealand government injected NZ$800 million into Air New Zealand owning 80% of its shares.

Is it still the case? Have they sold the shares? Air New Zealand is still a listed company right?

Re: Is Air New Zealand 80% owned by the New Zealand government still?

Posted: Sun Jun 02, 2019 7:43 am
by Kiwirob
NZ govt shareholding is down to 53%.

Re: Is Air New Zealand 80% owned by the New Zealand government still?

Posted: Sun Jun 02, 2019 1:37 pm
by ZKOJH
Air New Zealand is dual-listed on the New Zealand Stock Exchange (NZX) and the Australian Stock Exchange (ASX).

NZX listing: AIR

ASX listing: AIZ

www.airnz.co.nz and then go to the investment page

Re: Is Air New Zealand 80% owned by the New Zealand government still?

Posted: Sun Jun 02, 2019 2:12 pm
by avier
Are there plans of the NZ govt. to go for further disinvestment by selling off their shares and getting it more into the hands of private investors?

Re: Is Air New Zealand 80% owned by the New Zealand government still?

Posted: Sun Jun 02, 2019 2:47 pm
by afterburner
Wow! I don't realize that there are still airlines from Western countries that their governments hold the majority shares. What other Western country airlines that the majority shares belong to the government?

Re: Is Air New Zealand 80% owned by the New Zealand government still?

Posted: Sun Jun 02, 2019 3:14 pm
by patrickw421
afterburner wrote:
Wow! I don't realize that there are still airlines from Western countries that their governments hold the majority shares. What other Western country airlines that the majority shares belong to the government?


TAP Portugal is 50% owned by Portugal, state of Finland holds around 55% of Finnair. While not majority, the largest 2 shareholder of SAS group is government of Sweden and Denmark.

These 3 comes up in mind but there might be others too. While not that common, it isn't that rare too

Re: Is Air New Zealand 80% owned by the New Zealand government still?

Posted: Sun Jun 02, 2019 3:35 pm
by pipeafcr
afterburner wrote:
What other Western country airlines that the majority shares belong to the government?


Depends on your definition of a Western country, if you include Latin America, Argentina is a good example that comes to mind. Also, the Latvian government owns the majority of Air Baltic and the Polish government also owns the majority of LOT.

Re: Is Air New Zealand 80% owned by the New Zealand government still?

Posted: Sun Jun 02, 2019 5:34 pm
by ixam500
Air France-KLM is still minority owned by France + The Netherlands at around 28%.
Oh and dont forget Airbus, still 26% state-owned

Re: Is Air New Zealand 80% owned by the New Zealand government still?

Posted: Sun Jun 02, 2019 7:16 pm
by dcajet
afterburner wrote:
Wow! I don't realize that there are still airlines from Western countries that their governments hold the majority shares. What other Western country airlines that the majority shares belong to the government?


Aerolineas Argentinas is 90% owned by the state

South African Airways

Alitalia

Re: Is Air New Zealand 80% owned by the New Zealand government still?

Posted: Sun Jun 02, 2019 7:18 pm
by zkncj
avier wrote:
Are there plans of the NZ govt. to go for further disinvestment by selling off their shares and getting it more into the hands of private investors?


Unlikely with the current Governent, the current party in control is anti selling of state assets.

The New Zealand government gets an very health return yearly from there investment in NZ.

Re: Is Air New Zealand 80% owned by the New Zealand government still?

Posted: Sun Jun 02, 2019 7:31 pm
by coolian2
avier wrote:
Are there plans of the NZ govt. to go for further disinvestment by selling off their shares and getting it more into the hands of private investors?

Not likely, thankfully. We've done the stupid selling off of state owned assets too many times already.

Re: Is Air New Zealand 80% owned by the New Zealand government still?

Posted: Sun Jun 02, 2019 8:36 pm
by UAUA
Good to buy its shares????LOL

Re: Is Air New Zealand 80% owned by the New Zealand government still?

Posted: Sun Jun 02, 2019 8:38 pm
by UAUA
coolian2 wrote:
avier wrote:
Are there plans of the NZ govt. to go for further disinvestment by selling off their shares and getting it more into the hands of private investors?

Not likely, thankfully. We've done the stupid selling off of state owned assets too many times already.


In Hong Kong everything is all about privatization. The government owns little though very rich

Re: Is Air New Zealand 80% owned by the New Zealand government still?

Posted: Sun Jun 02, 2019 9:35 pm
by zkncj
UAUA wrote:
Good to buy its shares????LOL


If the airline is makeing an profit, I believe Qantas, Air New Zealand and RyanAir are all few of the airlines that are ranked investment grade.

While it’s worth noteing NZ has an large government shareholding, under New Zealand law the Government has very little influence in the running of the airline. They are simply an shareholder and have the same rights as any other shareholder. For example the Goverment can’t tell NZ what routes to operate or make them operate domestic routes that lose money. NZ has dropped plenty of loss making regional routes over the last couple of years.

Re: Is Air New Zealand 80% owned by the New Zealand government still?

Posted: Mon Jun 03, 2019 5:15 am
by avier
zkncj wrote:
While it’s worth noteing NZ has an large government shareholding, under New Zealand law the Government has very little influence in the running of the airline. They are simply an shareholder and have the same rights as any other shareholder. For example the Goverment can’t tell NZ what routes to operate or make them operate domestic routes that lose money. NZ has dropped plenty of loss making regional routes over the last couple of years.


Hope the Govt. of India/South Africa/Italy and the likes, take valuable lessons from the NZ govt in running a profitable airline along commercial lines with little interference. Those countries have literally embarrassed themselves with the situation their state run airlines have come to. They literally drain their economy in running and keeping alive a white elephant.

Re: Is Air New Zealand 80% owned by the New Zealand government still?

Posted: Mon Jun 03, 2019 7:28 am
by JQ321
NZ's Running of ANZ is the best running of a state owned airline. Governments can't run airlines. Run them as businesses not political tools.

Re: Is Air New Zealand 80% owned by the New Zealand government still?

Posted: Mon Jun 03, 2019 11:14 am
by mrbonfire
As nationalism rises and governments seek to protect strategic assets, don't expect to see huge sell offs in the future.

Does not help that profits have declined recently so there's less appetite for private companies to invest.

Re: Is Air New Zealand 80% owned by the New Zealand government still?

Posted: Mon Jun 03, 2019 1:14 pm
by MIflyer12
UAUA wrote:
coolian2 wrote:
avier wrote:
Are there plans of the NZ govt. to go for further disinvestment by selling off their shares and getting it more into the hands of private investors?

Not likely, thankfully. We've done the stupid selling off of state owned assets too many times already.


In Hong Kong everything is all about privatization. The government owns little though very rich


What are you talking about? The HK government owns all the land and leases it.