Scoop has an Ethical Paywall
$885 million not enough CS First Boston
Monday 5 Nov 2001 Rodney Hide Press Releases -- Economy
CS First Boston's report on Air New Zealand is more bad news for taxpayers, ACT Finance Spokesman MP Rodney Hide said today.
"Credit Suisse First Boston restates its sell recommendation on the airline's shares and declares the government's injection of $885 million insufficient to bail out Air New Zealand.
"The entire $885 million must be borrowed and the financing cost is $60 million a year to the taxpayer. CS First Boston suggests $885 million is just the start. Sadly, think they are right," concluded Rodney Hide.
ENDS
For more information visit ACT online at http://www.act.org.nz or contact the ACT Parliamentary Office at act@parliament.govt.nz.
Gordon Campbell: On Why We Can’t Survive Two More Years Of This
NZTA: Forecast Strong Winds For Auckland Harbour Bridge Traffic
Queenstown Lakes District Council: Top 10 Most Hazardous Items Found In QLDC’s Waste Facilities And Rubbish And Recycling Bins In 2024
NZ Government: Drive Safely This Summer
Northland Inc: Game-Changing Investment For Northland - Resilience Fund Allocates $250,000 To Health Simulation & Training Centre
Interchurch Bioethics Council: Church Bioethics Agencies Express Dismay at the Rushed Consultation Period for Submissions on the Gene Technology Bill
New Zealand Police: More Than $2.5m Worth Of Assets Restrained In Undeclared Tobacco Case
