New Zealand Post Financials
State-owned postal services operator New Zealand Post on Thursday reported a flat after tax annual profit of NZ$21.0 million and flagged a decline in profits next year due to the cost of establishing a new bank.
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Ansett put into voluntary receivership
Ansett Airlines has been placed into voluntary receivership by Air New Zealand, its owner, after Qantas Airways quit talks to buy Australia’s debt-burdened second-ranked carrier.
After the Qantas rejection Air NZ suffered a further knock-back when the Australian government refused to underwrite a restructuring of Ansett’s operations into a lower-cost airline called Ansett 2.
Read MoreS. Africa Formally Ends Relationship with NZPost
South Africa said on Tuesday it would sign a termination agreement with New Zealand Post Office by the end of the week, formalising the premature end of a three-year consultancy agreement
Read MoreAir New Zealand wins backing for Ansett sale
Air New Zealand has put Ansett Australia up for sale after Australia’s competition watchdog indicated it might give the green light to a Qantas bid for the troubled Australian subsidiary that is losing A$1.3m (US$675,000) a day.
The Australian government has lent its support to the sale despite the fact that a deal with Qantas would give the national carrier a 90 per cent share of the domestic market
Read MoreTop IATA agents 2000 for Aus, NZ, Can
Top IATA agents 2000 for Aus, NZ, Can – top 10 by country
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