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Outcome Of PwC Review Into Air New Zealand Gas Turbines Business


Friday, 9 April 2021, 9:46 am
Air New Zealand has received the report into its Gas
Turbines business from independent external advisers
PwC.
Air New Zealand Chairman Dame Therese Walsh says
the report identified a range of effective controls in the
Gas Turbines revenue contracting business, as well as key
areas where processes could be
improved.
“Recommendations include more focus on
upfront risk assessment, which has already been put in
place, and subsequent monitoring controls.
“The
report also confirmed that when entering into the
third-party contract for the work for the Royal Saudi Navy,
Gas Turbines employees adhered to all revenue contracting
management oversight processes and controls and obtained the ....

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Government's $600m loan expansion to Air New Zealand comes with a warning


Government s $600m loan expansion to Air New Zealand comes with a warning
9 Apr, 2021 06:03 AM
7 minutes to read
The Government has delivered a $600m loan extension and a warning to Air NZ. Photo / Brett Phibbs
The Government has delivered a $600m loan extension and a warning to Air NZ. Photo / Brett Phibbs
Aviation, tourism and energy writer for the NZ Heraldgrant.bradley@nzherald.co.nz@gbradleynz
The Government is extending its loan facility to Air New Zealand by $600 million but at the same time giving the airline a frank and detailed reminder of what s expected from it.
Taxpayer backstop loans
to the airline now total $1.5 billion and shareholding minister Grant Robertson has written to the airline reminding it of the Government s support to date and what it expects as an active majority shareholder . ....

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