As Air New Zealand’s slashed domestic airfares are fast selling out, mayors from the regions say they’re worried there won’t be enough flights to satisfy the demand.

All the latest news from the business world in one place, brought to you by the RNZ Business team.

The move will make 750,000 seats available for less than $50 every year, but travel agents say fare price cuts would only benefit people who could be flexible in their travel arrangements.

Analysis – Some Mainzeal directors are now being held to account, but subcontractors who were left out in the cold when the company went bust still face a long battle to get their money back, writes Kim Savage.

The High Court has ruled collapsed property and construction company Mainzeal traded while insolvent for nine years and has held some of the directors liable for $36 million for letting it happen.

The country’s biggest electricity lines company’s net profit has bounced back with strong electricity volumes driving growth across its business units.

The power company’s half year net profit has fallen 20 percent to $104 million as it generated less hydro power and had to pay more to cover future demand.

Campervan rental company Tourism Holdings has reported a fall in its first half profit on lower vehicle sales and investment in its new digital business.

All the latest news from the business world in one place, brought to you by the RNZ Business team.

Consumer spending perked up to its strongest level in nearly two years at the end of last year.