Originally Posted by
kyanar
The largest of those shareholders is the taxpayer (NZ Government) and it has quaffed quite a lot of champagne out of their original bailout. Even the billion dollars (of loans, with interest, that come with terms that prohibit any shareholders quaffing anything while the loan facility exists) that is being chipped in now is easily dwarfed by the dividends and capital gains the government has gained from the bailout. The government has a vested interest in preventing it going bust because as 51% owner, they stand to lose a lot of money if that happens.
So no, I don't buy your claim that it's anything to do with the commercial relationship between AIR and the Government. The fact you insist on calling it "Cullen Airlines" (and Qantas "Queer and Nasty" which is actually plain offensive) certainly belies your personal hatred of the company. Did Rob Fyfe run over your dog or something?