I am starting a blog series exposing myths in the privatisation debate. It could become a lengthy exercise.
This one is on Air New Zealand.
Since Air New Zealand was effectively nationalised by the Labour government (I’ll leave aside here arguments about that controversial decision) it has often been regarded as a success story. Thus Finlay MacDonald in the Sunday Star-Times of 30 January described it as “a glamour product” and a letter in Friday’s Herald said “Air New Zealand is a classic example of a government/private partnership working well.” The government has also referred to Air New Zealand as a model of partial privatisation.
Under Ralph Norris and subsequently Rob Fyfe, I think it is fair to say that the airline has been innovative and performed well operationally. But the bottom line for any commercial business is just that: its bottom line. How has Air New Zealand performed for investors, the majority…
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Utopia, you are standing in it! 
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