Wellington City Council changes its mind over airport shares
Vote was seen as a crucial test for Wellington mayor Tory Whanau.
The council's shares in Wellington Airport were said to be worth up to $500 million.
A decision by Wellington City Council to sell its 34% stake in the city’s airport has been overturned.
The much-anticipated vote, taken today at a full council meeting, reverses an earlier decision to go ahead with the sale, and is a major blow for Wellington mayor Tory Whanau, who supported
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