3 blog posts found
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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...