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Byline: Giles Parkinson
SYDNEY -- The New Zealand government has retained merchant bank Cameron and Co. to advise it on the future ownership of national carrier Air New Zealand Ltd.
Finance Minister Michael Cullen said June 15 the Wellington-based bank would prepare a report, due early this week, on the impact of lifting the foreign ownership level of Air NZ and of injecting public money into the debt-laden airline.
The appointment came as the airline's independent directors met to consider rival proposals from Australia's Qantas Airways Ltd. and Singapore Airlines Ltd.
Qantas wants to buy the 25% share in Air NZ held by Singapore …