Markets

Air NZ’s Sharesies shareholders on the hook for $60m

Dan Brunskill
Wed, 23 Mar 2022

Air NZ’s Sharesies shareholders on the hook for $60m
The airline needs more than $1b of new capital to fuel its recovery. (Photo: supplied)
Dan Brunskill
Wed, 23 Mar 2022
Air New Zealand is likely to ask Sharesies investors to contribute more than $60 million to its billion-dollar capital raising which is expected to take place in the next two weeks.Those investors who do not take part in the offer will have their stake in the company diluted dramatically, as the airline is expected to raise up to 75% of its current market value.While that is a significant amount of money for small time investors to stump up, it pales in comparison to the $500m – at least – the NZ taxpayer will be contributing to rep...

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