The government has announced a change in strategy for the sale of Air
New Zealand. Opposition leader Jim Bolger criticises the government
handling of the sale. Roger Douglas says that he is not concerned about
opinions which potential foreign investors may form about the
government's approach to asset sales. Associate Minister of State Owned
Enterprises, Bill Jeffries explains why he has asked the Prime Minister
to relieve him of the responsibility of managing the sale of Air New
Zealand. Lualemana Tino Pereira reports on the concern expressed by
market analysts that the change in direction could affect the rest of
the government's asset sale programme. State Owned Enterprises Minister
Richard Prebble explains why the government's credibility has not been
damaged by re-opening the bidding. Qantas financial controller Larry
Olsen says he still has confidence in the sale. Prime Minister David
Lange speaks about he is confident of approval from Caucus over the
change in the plan. Opposition spokesman on Transport Warren Cooper
attackes the government for what he calls the chaos and fiasco over the
sale, but he says he is pleased there is an opportunity for staff and
the public to buy shares in Air New Zealand. Richard Prebble replies to
the questions raised by Warren Cooper, of how safe the selling 35% of
Air New Zealand would be for New Zealanders. Midday Report - Former Air
New Zealand chairman Bob Owens comments on the governments actions
calling it disgraceful. Labour Party president Ruth Dyson says the party
is opposed to sale of the increased percentage. Finance Minister Roger
Douglas says he does not beleive the credibility of the Labour
government has been damaged over the sale of Air New Zealand Shares.