Auckland

Air New Zealand plans to shed 2,000 more jobs to deal with low demand

Air New Zealand plans to shed 2,000 more jobs to deal with low demand

Air New Zealand had earlier announced employee lay-offs and lower pay for those who would stay on job. However, the management has now shocked employees with the news of 2,000 more layoffs.

Air New Zealand to resume Flights to Majority of Domestic Airports at Alerts Level 2

Air New Zealand to resume Flights to Majority of Domestic Airports at Alerts Level 2

Air New Zealand will start flights to majority of domestic airports when New Zealand announces alert level 2 regarding coronavirus pandemic. During the initial period, Air NZ will operate only 20 percent of its capacity on domestic routes.

SkyCity Entertainment and NZ Government agree to declare COVID-19 a force majeure

SkyCity Entertainment and NZ Government agree to declare COVID-19 a force majeure

SkyCity Entertainment Group has informed that the New Zealand government has declared COVID-19 a force majeure event and there will be changes in the proposed plan for one of the largest development projects in New Zealand.

Owner planning to sell Auckland property for a whopping $10m

Augusta Capital Acquiring NZME House in Auckland for $115.8million

Augusta Capital Acquiring NZME House in Auckland for $115.8million

Augusta Capital, the listed property investor and fund manager said it has bought NZME House in Graham Street in the CBD, Auckland for $115.8 million. It said, it purchased the building from Manson TCLM, a family owned property developer in Auckland. Manson has been into property development in New Zealand for thirty years or more. The deal will be settled on August 15. Augusta Capital plans to bundle the property into a syndication investment.

Paramount Exploring Possible Sale of Minority Stake; Speculations are on for Probable Buyers

Paramount Exploring Possible Sale of Minority Stake; Speculations are on for Pro

Shares of software company, Wynyard Group, which is a market leader in making crime fighting software, hit a record low when it lifted its one week long trading halt. The company's shares almost halved.

Wynyard's shares dropped about forty percent following the company's disappointing annual result along with majorly discounted rights issue aimed at raising cash.

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