Originally Posted by
garykung
FWIW - while what he said related to the U.S. is indeed incorrect, he was actually correct on why NZ treats their own people badly.
NZ is majorly owned by the NZ Government, even it operates independently. To say whatever NZ is doing without the Government's sanction would be unbelievable, especially with the $900 million loan provided.
The Government explicitly keeps it AirNZ shareholding at arms length. To the point they will not nominate any directors. Though will vote for directors.
This loan agreement was again performed at arms length. And the conditions are public.