Originally Posted by
sbiddle
Well NZ law says it's not - so that can only mean PWC is wrong.
Just because something can meet a technical definition of a SOE does not mean it is. Here in New Zealand state owned entities are covered by the State-Owned Enterprises Act 1986 which has very specific rules and criteria around those companies that are SOEs, and the Crown Entities act also covers other businesses.
Here in NZ we also have mixed ownership companies where the Govt has a stake, and publically listed companies where the Government has a stake (of which Air NZ is one).
And don't forget, that PwC report was not authored by the NZ PwC office nor is it specifically directed at a NZ audience. It doesn't take into account the NZ-specific context of SOEs. When discussing whether or not Air NZ are a SOE, as it's domiciled in NZ, we should only consider the question in context of NZ law.