Opinion

Air NZ’s capital raise – is everyone on the same plane?

David Mackenzie
Tue, 24 Aug 2021

Air NZ’s capital raise – is everyone on the same plane?
There is no doubt that business planning for an international airline remains extremely difficult. (Image: Getty)
David Mackenzie
Tue, 24 Aug 2021
At the moment, Air New Zealand is surviving on the government facility of $1.5 billion.As well as providing much-needed liquidity, its availability and terms give the board confidence to continue trading.The plan is for the airline to get some longer-term funding in place, raising capital via a combination of new debt and equity. A successful capital raise will allow repayment of the government loan and set the airline up to move towards resuming normal service as borders reopen.Investors in the company will have been pleased to see the go...

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