4 blog posts found
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MEI Special Topic: Implications of Kaikōura earthquakes for the New Zealand economy
Posted: 7 Dec 2016Topic: Construction, Housing, Infrastructure, Insurance, Primary industry, Railways, Regional development, Service industries, Tourism, TransportA magnitude 7.8 earthquake occurred in North Canterbury just after midnight on 14 November causing extensive damage and some loss of life in the Kaikōura and adjoining regions. The town of Kaikōura,... -
The Crown’s Investment in Air New Zealand: part 3 of 3
Posted: 20 May 2016Topic: Financial markets, Government shareholding, Investment, Prices, Shares, State owned enterprises, TransportAuthor:In November 2013, the Government sold 221.3 million shares in Air New Zealand at a price of $1.65 a share, receiving proceeds of $365.2 million. The Crown retained ownership of 582.9 million Air... -
The Crown's Investment in Air New Zealand: part 2 of 3
Posted: 18 May 2016Topic: Financial markets, Government shareholding, Investment, Prices, Shares, State owned enterprises, TransportAuthor:The Crown's investment in Air New Zealand, part 2 In part 1 of this article, I estimated that the Crown has received a return of 8.4% per year from its shareholding in Air New Zealand, based on an... -
The Crown's Investment in Air New Zealand: part 1 of 3
Posted: 16 May 2016Topic: Financial markets, Government shareholding, Investment, Prices, Shares, State owned enterprises, TransportAuthor:On 18 January 2002, the New Zealand Government invested $892 million in Air New Zealand, giving the Crown an 82% ownership stake in the company. A further $149 million was invested in Air New...