Wgtn Airport in talks with banks, may seek equity support

Wed, 08 Apr 2020

Wellington International Airport is in discussions with its banks on funding for the business and may seek equity support from owners Infratil and Wellington City Council. The airport, operating on only about 5 percent of its usual domestic capacity, is expecting minimal revenue this year and has sought more flexibility from its lenders to keep the operation running and to repay maturing debt. Chair Tim Brown told investors that discussions with the airport’s banks had been very positive and additional equity support was not expected to b...

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