New Zealand authorities say the government is proposing to scrap foreign ownership limits on New Zealand airlines. In a statement to launch a discussion document on New Zealand's international air transport policy, Transport Minister Gerry Brownlee today said the policy review proposed continuing to seek inter-government agreements with liberalized investment criteria, provided certain conditions were met.
The review proposed removing limits on foreign ownership of New Zealand airlines, which were currently set at 25 percent ownership by any one foreign airline, or 35 percent by foreign airlines in total.