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Listed Companies

Air NZ signals June 2021 capital raising

Victoria Young
Fri, 25 Sep 2020

Victoria Young
Fri, 25 Sep 2020
Air New Zealand said it will raise capital before June, having already started drawing down on its $900 million loan facility with the government.The covid-hit airline said its Crown facility gives it liquidity to reposition post covid-19 but it had always been in place to help it implement a longer-term plan.The first tranche of the government loan for $600 million is expected to have an effective interest rate of between 7 percent and 8 percent.The company said it continues to evaluate a range of scenarios on how the pandemic may develop and...

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Listed Companies
Infratil's next play: Australian medical infrastructure
Pattrick Smellie | Mon, 26 Oct 2020

Infratil identifies 'highly cash generative', non-discretionary healthcare infrastructure as a new sector where it can build a profitable business at scale.

Infrastructure
Bureaucratic own goal at Tui oil field a red flag about regulatory problems
Gavin Evans | Mon, 26 Oct 2020

When a company is prepared to write off a US$21 million vessel and hand it to liquidators – rather than deal further with New Zealand regulators – we should be concerned.

Listed Companies
Taking one for the team: Which top businesspeople took a paycut?
Andy Fyers | Mon, 26 Oct 2020

Big director and CEO pay cuts were common among NZX-listed companies, although every firm's circumstances were different.

Sponsored
University of Auckland’s business degrees are reshaped for the future of work

The University of Auckland Business School is ready to launch its redesigned undergraduate business programmes.

Sponsored
Spark: Why we need Internet of Things for the future

Why we need IoT for the future of stuff that ‘just works’.