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David Seymour renews call to sell government's Air NZ shares after half-year loss (www.rnz.co.nz)

submitted 4 days ago by Dave@lemmy.nz to c/politics@lemmy.nz

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Deputy Prime Minister David Seymour has renewed his call for the government to sell its 51 percent stake in Air New Zealand after it reported a significant half-year loss.

The airline posted a bottom-line loss of $40 million in the six months ended December, compared to last year's profit of $106m.

Seymour said Air NZ had been doing "politically motivated stuff" when it couldn't take off and land on time for a decent price.

"Get woke, go broke. We hear about electric planes, glossy reports on climate change, paper cups in the Koru Lounge. What they can't seem to do is take off and land on time," he said.

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[–] Dave@lemmy.nz 16 points 4 days ago

David Seymour calls for government to sell it's stake in Air NZ to his friends while share prices are lower. Blames paper cups in Koru lounge for lower profits. Says they charge too much while also saying they aren't returning enough profit.