Markets Breaking News

Air NZ delays capital raise to Sept

Pattrick Smellie
Fri, 09 Apr 2021

Pattrick Smellie
Fri, 09 Apr 2021
Air New Zealand is to delay its planned capital raising by up to three months, with the completion date shifting from June 30 to Sept. 30.The move reflects numerous factors, including the progress of the covid-19 pandemic, vaccination programmes and the opening of the trans-Tasman bubble."In light of these evolving circumstances, the crown and the company have agreed it would be appropriate to defer the equity capital raise allow time to assess these evolving circumstances further," said the airline's chair, Dame Therese Walsh in...

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