Opinion

Air NZ's retail shareholders are getting screwed

Jenny Ruth
Mon, 04 Apr 2022

Air NZ's retail shareholders are getting screwed
Air New Zealand chair Therese Walsh said the airline has been "dealt a really rough time". Image: BusinessDesk)
Jenny Ruth
Mon, 04 Apr 2022
"Follow the money," as the famous cliché goes, and "cui bono", or who benefits, is another useful rule of thumb for journalists.Following the above rules, it's hard to come to any other conclusion than that Air NZ's existing retail shareholders are being right royally screwed.The extent of the discount in Air New Zealand's rights issue was truly shocking to the market.The per-share price of 53 cents of the two-new-shares-for-every-one held issue compared to the last trade at $1.375 before trading was halte...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Policy
Political donations over $5k to require declaration
Staff reporters | Mon, 27 Jun 2022

The changes require disclosure of donor identities for any party donations over $5,000 versus the current $15,000. 

Law & Regulation
Public class action fund needed: Law Com
Victoria Young | Mon, 27 Jun 2022

The Law Commission has finalised its report into class actions and litigation funding.

The Economist
House prices braced for a storm
The Economist | Mon, 27 Jun 2022

The pain of rising mortgage repayments will be harder to bear in some places than in others, for example, in NZ and Australia.  

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

Sponsored
High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.