Policy for share acquisitions
Any share, equity or asset acquisitions (or sales) will reflect Airways’ business strategy requirements for achieving our vision. Airways will consult shareholding Ministers on equity investment or capital expenditure above: X X $10 million on an individual item of capital expenditure or investment in New Zealand X X $5 million investment in an individual overseas project, or other significant investments, even if they do not meet the above thresholds
Compensation from the Crown
Section 7 of the Act allows the Crown to enter into an agreement with Airways whereby the Crown would pay Airways for undertaking a non-commercial activity. Airways does not currently undertake any such activities but reserves the right to seek payment where Airways is restrained from acting in a normal business-like manner.
14
Made with FlippingBook - Online magazine maker