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First of eight Air NZ Boeing 777-200ERs departs for desert ‘plane graveyard’ – Stuff.co.nz

The first of Air NZ’s eight Boeing 777-200ERs to leave these shores for long-term storage in the US.

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Auckland port’s financial results reignite questions about council ownership – New Zealand Herald

Mixed reaction to Auckland port financial result: is Covid to blame or ownership model?

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Whether Auckland Council is the best owner for the financial health of the city’s port – and ratepayer pockets – is again in question after Ports of Auckland’s annual performance across most markers.
Revenue forFY20 was down 6.7 per cent to $231.4 million, reported net profit after tax fell from $53.9m last year to $23m, and cargo volumes across all classes were down.
The $4.9m dividend it pays the city this month will be 20 per cent of after-tax profits instead of 80 per cent, to fund its in…

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Is the traditional handbrake endangered? – Stuff.co.nz

Less than a quarter of new cars on sale today have a traditional manual handbrake – is it an endangered species?

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Traditional mechanical handbrakes are continuing to die out as car manufacturers ditch them in favour of electronic parking brakes, according to research by UK automotive shopping site CarGurus.
The research found that just 24 per cent of new cars on sale today come with a manually operated handbrake, falling even further from 30 per cent recorded last year.
Only one mainstream manufacturer, Dacia (the Duster is sold in New Zealand as a Renault), has a manual handbrake on every model in the …

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What made a2 Milk great emerges as its Achilles heel – New Zealand Herald

The daigou trade channel to China will affect a2 Milk in the second half.

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Daigou – the very thing that made a2 Milk great – has become its Achilles heel as a result of Covid-19 lockdown restrictions in Melbourne.
More than $1.5 billion was at one stage wiped offa2 Milk’s market capitalisation after the company said its first-half revenue would drop because level 4 restrictions in Melbourne had affected its unofficial “daigou” sales.
Shares in the alternative milk and infant formula marketer last traded at $16.65, down $1.79 or 10 per cent from Friday’s close, follo…

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