There's no DRP. As discussed previously, the company has a large amount of surplus cash already (hence the special 10cps dividend) and so doesn't need to retain any.
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Dividend reinvestment plan is presently suspended as AIR has no need for extra cash but nothing to stop people running their own DRP. $172m total divvy's paid on Monday, 53% of it to the Govt but a considerable $81m of it goes into investors hands...one wonders how much of that will find its way back into buying more AIR shares.
What a bargain
The Funds seem too be loving AIR as well :)
Air NZ selling cabin design business
Air New Zealand is selling its aircraft interior design company Altitude Aerospace Interiors to British company AIM Aviation for an undisclosed sum.
http://www.stuff.co.nz/business/indu...esign-business
This happened to me when I sold my GTK shares, for reason this was specified be be paid via cheque rather than DC... I assume its to do with getting the shares via IPO. Frustrating though, hope it doesn't take too long for you!
I'll buy using my proceeds to buy more AIR today :)