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Top News In புதியது ஜீலாந்து தலைவர் டேம் தெரேஸ் வால்ஷ் Today - Breaking & Trending Today

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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Air New Zealand Gas Turbines Review – Further Update


Tuesday, 16 March 2021, 5:22 pm
Air New Zealand has today received confirmation from the
Ministry of Foreign Affairs and Trade that permits were not
required for exporting the specific type of engines (GE
LM2500) the business was repairing for the Royal Saudi
Navy.
Air New Zealand Chairman Dame Therese Walsh says
this aligns with advice the airline received from the QC
appointed to review the licensing requirements for the
engines.
“The legal advice we received from Mike
Heron QC is that the export of the two engines to Germany
for the Royal Saudi Navy did not require an export permit
under the Customs Act, nor did it require a notification to ....

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