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Are we there yet? Air NZ capital review continues

Paul McBeth
Thu, 25 Feb 2021

Are we there yet? Air NZ capital review continues
The national carrier is travelling through turbulent times.
Paul McBeth
Thu, 25 Feb 2021
Air New Zealand is still working its way through a new capital structure that will see the national carrier hit up investors for cash, but has shied away from drawing too heavily on its government lifeline.The airline reiterated plans for a fully underwritten equity raising before the end of June, and last week got a commitment from the government that it will back the deal, provided Cabinet agrees.Air NZ turned to the government for help when borders were closed last year, securing a $900 million loan at relatively high interest rates. The ter...

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