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Crafty Canadians

The Canadians have today said they will reduce their voting strength in Auckland International Airport to 24.9%, even if they get 40% of the shares.  This is definitely below the level regarded as...

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Armstrong on Auckland Airport

John Armstrong reviews the latest move by the Canadians: An unadulterated shareholding of 40 per cent is widely considered to amount to control. However, the act’s criteria refer to “control” – not...

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Canadians thank Government

A massive 63% of shareholders (close to 90% when you exclude the Council stakes) have agreed to sell their Auckland Airport shares to the Canadian pension fund. Why so many? Simple.  The Government’s...

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Even the Cullen Fund has sold its airport shares

Whale Oil has spotted that the NZ Super Fund has both voted for the Canadian offer and agreed to sell its 77 million shares. So if the Government turns it down, there will be less money available for...

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Who sold Auckland Airport?

As NZ First rails against the evil Canadian pension fund, wanting to buy a minority stake in Auckland International Airport, it is useful to recall that the Airport has been in private ownership for...

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China vs Canada

Ben Thomas in the NBR takes a look at the double standards when you look at the China FTA (which I support and Govt does) and the Canadian proposal to purchase some shares off existing private owners...

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Government turns down Auckland Airport investment

As predicted here for weeks, the “independent” Ministers has by pure coincidence turned down approval for the Canadian bid to buy a partial stake in Auckland International Airport. The Canadians only...

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More on Auckland Airport

I’m delighted to see such a strong response from National to the poll driven economic vandalism over Auckland Airport. Labour are spinning to the media how popular this decision will be, which confirms...

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Vector not strategic?

The Dom Post reports that the Government is not likely to block the sale of Wellington’s electricity network to a foreign party. So the Government hysterically whips up opposition to a Canadian pension...

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Cullen ignored advice on Auckland Airport

NZPA reports on advice from Treasury released under the OIA, which confirm the decision to sabotage the Canadian bid by way of retrospective regulation was economic sabotage, and worse of all breached...

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Hypocrisy vs Stupidity

Bernard Hickey reacts to news that a Hong Kong company is buying the Wellington electricity network by blogging that the Government has a choice between hypocrisy or stupidity. The government now has...

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NZ Herald on Vector sale

It is good to see the media focusing on the hypocrisy in the Government over Auckland Airport and Wellington’s electricity network. In the former example they moved heaven and earth to stop the private...

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Wellington Power lines sold to Chinese

NZPA has reported: New Zealand’s overseas investment watchdog has approved a Chinese conglomerate’s bid to buy Vector’s Wellington power lines network. Vector sought approval earlier this year for the...

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Why Councils should not own airport companies

The Herald reports: Auckland City and Manukau ratepayers will foot a $28 million bill as their councils move to secure their stakes in Auckland Airport. The cities’ cash injection is the result of the...

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Council stakes in Auckland Airport

Alasdair Thompson writes in the Herald: Auckland Airport is issuing more shares to fund its purchase of airport company shares in Cairns and Mackay, Australia, and the mayors of Manukau and Auckland...

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Airport car parking

Tessa Johnstone at Dom Post reports: The new car park layout at Wellington Airport may be drawing condemnation online, but only nine people have bothered to complain officially. Wellington City Council...

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What business is it of the airport?

The Herald reports: Senior Labour MP Trevor Mallard had to pass off a packed-up bicycle as a briefcase to be allowed to carry it in a taxi from Auckland Airport. He is furious an airport security...

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Fixed taxi fares from airports?

The Herald reports: Auckland Airport says it would like to have a fixed taxi fare price for the journey into the city to stop some drivers charging exorbitant fares – but it can’t take any action until...

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More on Auckland Airport taxis

The Herald reports: A taxi company operating from Auckland Airport has introduced fixed-fare rates to the city and North Shore after Herald stories about some drivers overcharging passengers. Auckland...

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No rail to Auckland Airport

The Herald reports: A commuter rail link to Auckland Airport – which could slash travel times to the international gateway – has been dumped in favour of trams or buses. The scrapping of the heavy rail...

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