Sunday, November 17, 2013

Cynical move by the NZ Government in its plans to sell off 20% of Air New Zealand.

The New Zealand Government has known for quite some time that there is serious disquiet over its ‘Sell New Zealand Assets,’ campaign. The polls have consistently shown a large majority of New Zealanders are not happy with the mad rush to sell off ‘NZ.’ Now they plan to sell 20% of Air NZ just weeks before a ‘non-binding’ referendum on the larger issue of Sate asset sales. Why could they not wait so that they could have a better take on what NZers think about their plans? Are they so arrogant in their belief that ‘they’ know best about what direction NZ should take? Perhaps they are buoyed up by the fact that recent polls have not had their fortunes sink to the point that they will easily lose the upcoming general election in 2014 or is it more the point that they want to stamp their mark on NZ before the ship finally sinks re their own fortunes. Either way, their arrogance has been noted by many NZers; it is just a question of ‘how far can they push us.’
To those NZers who are thinking of buying a slice of Air New Zealand; perhaps they should look at the current share price. It is higher than it has been for quite a while. Is that not a warning that things can’t keep going up re airline share prices; especially re these shares. Very few airlines are making big profits and if the massive purchases that Middle Eastern airlines are making re new planes, and taking in the fact that Air NZ cannot match these huge moves, then is Air NZ hoping to play the game of ‘keeping up with the Jones?’ We cannot!
Oh well, I suppose we can always go down the same road as last time Air New Zealand was put up for sale. Air NZ will bottom out and the tax payer will once again come in and buy it all back for $1 like they did last time. Then we can ‘fix it’ and sell it again. Not such a bad move!  Yeah right!