actually the whole world wide event deserves more along the lines of :
https://www.youtube.com/watch?v=V92OBNsQgxU
or will AIR NZ be victorious after a long bitter battle to come:
https://www.youtube.com/watch?v=jXbDQBsFFIE
Printable View
actually the whole world wide event deserves more along the lines of :
https://www.youtube.com/watch?v=V92OBNsQgxU
or will AIR NZ be victorious after a long bitter battle to come:
https://www.youtube.com/watch?v=jXbDQBsFFIE
Really sad news
Our mate Cam is leaving AIR .... but hanging around (on huge hourly rate no doubt) to give Greg hugs and cuddles when he's down in the dumps
http://nzx-prod-s7fsd7f98s.s3-websit...154/330002.pdf
Foran came across really well on TV3 breakfast show the other day. He's certainly a cool and calm leader and seems quite affable. He'll need all that charm and then some to navigate the very difficult flight path ahead. Cam probably knows the company is on a hiding to nothing and facing many years of losses so the prospect of any more bonus's in the foreseeable future is zero. Probably sick of being the janitor and trying to clean up the mess.
A very good question. I think AIR did themselves no favors letting Cam eventually try and clean up the public relations mess. Really that's the CEO's job to front foot a lot sooner than they did. For much of this year they have looked like a directionless bird with severely clipped wings flying around in turmoil contemporaneously hemorrhaging staff, money, credibility and reputation.
They face a very long, arduous and steep climb back against unprecedented headwinds to try and eventually attain some sort of equilibrium where they can comfortably attain a new cruising altitude which I suspect will be quite significantly lower than before.
I fail to see how this is an investable proposition.
Whilst I agree with your last line . I do feel a lot of the problems you describe "directionless bird" etc were foisted upon them by the Government making ( arguably they had to ) hasty decisions . A complete lack of business sense in the cabinet apart from the finance minister doesn't help.