Air NZ’s Sharesies shareholders on the hook for $60m

Air NZ’s Sharesies shareholders on the hook for $60m
The airline needs more than $1b of new capital to fuel its recovery. (Photo: supplied)
Dan Brunskill
Air New Zealand is likely to ask Sharesies investors to contribute more than $60 million to its billion-dollar capital raising which is expected to take place in the next two weeks.Those investors who do not take part in the offer will have their stake in the company diluted dramatically, as the airline is expected to raise up to 75% of its current market value.While that is a significant amount of money for small time investors to stump up, it pales in comparison to the $500m – at least – the NZ taxpayer will be contributing to rep...

More Markets

NZ sharemarket flat despite Skellerup's record HY earnings
Markets Market Close

NZ sharemarket flat despite Skellerup's record HY earnings

The S&P/NZX 50 Index closed at 12,905.98, down 7.97 points or 0.062%.

Skellerup CEO reveals seven-year goal
Markets

Skellerup CEO reveals seven-year goal

Graham Leaming isn't just looking at where Skellerup is growing.

London calls, but Air NZ doesn’t have enough planes
Markets

London calls, but Air NZ doesn’t have enough planes

Gatwick landing slots from April can't be taken up.

NZ sharemarket drops slightly by 0.02%
Markets Market Close

NZ sharemarket drops slightly by 0.02%

The S&P/NZX 50 closed at 12,913.95, down 3.5 points or 0.027%.

Graham Skellern 12 Feb 2025