Thursday, October 4 2001 Richard Prebble Press Releases -- Commerce

The ACT Party is opposed to the government putting taxpayers' money into Air New Zealand, saving the airline's shareholders, ACT leader Richard Prebble says.

"The whole package should never have been necessary," Mr Prebble said.

"If the government had allowed the board to re-capitalise when it first sought approval, the rescue package wouldn't have been required.

"After the Prime Minister made her reckless statement advising mum and dad shareholders to hang onto their shares, Singapore Airlines and BIL were able to walk away.

"Has there ever been a more incompetent government?" Mr Prebble said.

ENDS

For more information visit ACT online at http://www.act.org.nz or contact the ACT Parliamentary Office at act@parliament.govt.nz.

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