Thursday, February 26, 2009

Planes, Trains & Washing Machines

Air New Zealand produced a shocking result today. Yet some say it is a remarkable result considering how much money airlines are losing. I guess that's like saying "we lost, just not by as much as you lost".

Maybe the gummint could bail out Air NZ? Oh wait it already has. How much has that lost us?

And the previous finance minister bought a train set that is already losing us money we don't have.

Planes, trains and automobiles? Wasn't that a movie?

We don't manufacture cars any longer, thankfully.

But we do manufacture washing machines and dishwashers.

Maybe Fisher & Paykel will be our very own Planes, Trains and Washing Machines.

3 comments:

libertyscott said...

We can forever blame Dr Cullen for failing to allow Singapore Airlines to buy 49% of Air NZ, saving us all from the losses, allowing it to invest in new planes and product years earlier AND have an airline hooked into a worldwide network directly.

NZ is doing ok under the circumstances, which are dire for its long haul routes. Services to Asia are bleeding money big time, and London is unprofitable again.

Anonymous said...

NZ is doing ok under the circumstances

Crap. We simply don't have the money

It's too late even for a firesale as a going concern: the government should simply stop all operations, return leased aircraft back to their owners, and yes, junk the rest. The mess over the Skyhawks (which should be junked too) shows that trying to keep aircraft maintained and airworthy simply isn't worth the ongoing hassle.

Anonymous said...

"It's too late even for a firesale as a going concern: the government should simply stop all operations, return leased aircraft back to their owners, and yes, junk the rest."

Christ alive you're a moron.

Judge Holden