Listed Companies

Air NZ signals June 2021 capital raising

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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Air NZ signals June 2021 capital raising

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