Can Air NZ extract a better deal from the government?

Paul McBeth
Fri, 26 Feb 2021

Can Air NZ extract a better deal from the government?
Playing for time may end up suiting the national carrier
Paul McBeth
Fri, 26 Feb 2021
Air New Zealand has only drawn down a third of the near-billion-dollar lifeline thrown to it by the government last year, giving the airline greater flexibility when it comes to hitting up the wider market for the funds needed to fly through the pandemic.The national carrier yesterday said it has access to about $700 million — of which $550m is from the government’s $900m facility to keep it afloat — with a razor-sharp focus on costs helping it keep a tight rein on its cash burn.That’s expected to drop to between $4...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

My Net Worth FREE
My Net Worth: Zac Stephenson, managing director, MediaCom
Daniel Dunkley | Sun, 03 Jul 2022

MediaCom managing director Zac Stephenson says he's proud of surviving in the media industry, which can be stressful and intense. 

Finance FREE
Money Answers: what's the best share investing strategy in a recession?
Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us. 

On the Money
On The Money: Air NZ's feeding frenzy, Kerry Prendergast's movie date, and more
Pattrick Smellie | Sat, 02 Jul 2022

In this week's OTM: Greg Foran's preference for pies, Kerry Prendergast's future at the film commission, a blast from the past from Enable Networks, and more...

Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges

Investments to sustain the momentum of building in NZ

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