Councillors vote this week on a proposal to sell its 34 percent stake in Wellington Airport, and put the money in an investment fund.

But Mayor Tory Whanau says a total sale is unlikely.

She says they're now leaning towards a partial sale to retain some ownership.

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Other Business News

26 Jun: Power has been restored to more than a thousand customers across Wairoa and Tairawhiti -- as flooding subsides around a substation

26 Jun: A woman's been ordered to pay almost six-million-dollars, for her involvement with a pyramid scheme which saw 83 percent of participants worldwide lose money

26 Jun: A water pontoon will be installed at Auckland's Viaduct to re-connect it to Wynyard Quarter

26 Jun: Hopes a spike in global shipping prices won't stay around for long

25 Jun: A Christchurch businessman is being accused of running a major black-market cigarette factory

25 Jun: NZ Rugby CEO says further work needed to achieve sustainable model following $8.9m loss

25 Jun: Unemployment and job insecurity are starting to bite

Top Stories

RUGBY
The three New South Wales players under injury clouds have been cleared to play in Game 2 of the State of Origin series in Melbourne tonight More...

BUSINESS
Power has been restored to more than a thousand customers across Wairoa and Tairawhiti -- as flooding subsides around a substation More...

Today's News

Soccer:
Argentina's become the first side into the Copa America football quarter- finals after a 1-0 Group A victory over Chile - the World Cup holder's second win from as many matches 21:57

Entertainment:
Arnold Schwarzenegger has insisted people need to do "whatever it takes" to tackle climate change 21:30

Environment:
Transpower has restored full security of electricity supply into Northland 21:17

Entertainment:
Shania Twain says Glastonbury is a "real wow moment in my career" 21:00

Entertainment:
Lily Allen finds the concept of intimacy coordinators "weird" 20:30

Entertainment:
Michael Jackson's pet chimpanzee Bubbles is "living the good life" in his later years 20:00

Entertainment:
Nicola Peltz-Beckham is "relentlessly investigating" her dog's death 19:30

Entertainment:
Kerry Katona is "still struggling" with her recovery after undergoing reconstructive surgery on her nose 19:00

Environment:
Hastings' Mayor says residents should stay put tonight - as tonight's 9pm high tide looms 18:57

Rugby:
The three New South Wales players under injury clouds have been cleared to play in Game 2 of the State of Origin series in Melbourne tonight 18:37

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