Rob fyfe , chief executive at air new zealand ltd. ( air . Nz ) , which has no plans for a low-cost unit , said the new offerings are likely to meet the same end .
Lanzatech nz ltd. , which uses waste from making steel to create ethanol , has joint ventures with two of china 's largest steelmakers , baosteel group and shougang group .
Earthquake commission chief executive ian simpson said the quake was going to result in hundreds of millions of dollars worth of claims , ' but it could be up to nz $ 1 billion . ' Around 1 00000 claims are expected to come in over the next three months , he said .
