After the release of a damning coroner's report into Air Adventure's Piper Navajo crash near Christchurch International Airport on June 6, 2003, killing the pilot Michael Bannerman and seven Crop and Food Research staff, the Civil Aviation Authority underwent an urgent review by the office of the former Minister of Transport, Annette King, and resulted in the resignation of director John Jones.
Jim Anderton revealed in his valedictory speech that after spending three hours trying to convince then Finance Minister Michael Cullen, Annette King told Cullen 'Michael, Jim's beaten back every argument against the bank we've ever put up. For God's sake, give him the bloody bank.'
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