Citibanker: the age of renewables is here - Kathryn Ryan’s interview earlier this week with Michael Eckhart, Managing Director and Global Head of Environmental Finance and Sustainability at the giant...
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Commuters between Auckland and the capital have been given an early Christmas present, a price war in airfares between the two cities. Air New Zealand has undercut Jetstar airfares and slashed tickets between Auckland and Wellington to $7 each way on its late night flights, in the week leading up to Christmas. Chief Executive Officer Rob Fyfe said the carrier was making domestic travel more affordable than ever before and the low fares should be a boost to retailers in each city.When can we have Virgin Ferries? Jetstar Ferries?
If the cost is what’s worrying NZTA, then from the start, everyone knows the anomaly that is the Waiheke Ferry has been the biggest drain on the concession budget.The Supergold card subsidy needs abolishing and the saved transport dollars used for making public transport travel more affordable for all. It makes no economic sense to provide a freebie to one sector of society while it makes travel for the rest unaffordable.
The first year’s figures (2008-2009) revealed that $2 million of the national $18 million had gone to Fullers Ferries to carry canny Auckland oldies for a day in the sun and vineyards. Whether cutting the evening peak hour concession would save much is questionable.