Sky-high political bungling hits taxpayers in pocket
The final chapter in one of the most expensive political bungles in recent decades is about to be played out.
The way has all but been cleared for an American aviation company to buy the remnants of New Zealand’s once proud air combat wing at a fire-sale price.
The deal could leave New Zealand taxpayers more than $150 million out of pocket.
Draken International has won US State Department approval to buy the eight remaining Skyhawk jet fighters for just $7.9 million.