Are we there yet? Air NZ capital review continues

The national carrier is travelling through turbulent times.

Thu, 25 Feb 2021

Air New Zealand is still working its way through a new capital structure that will see the national carrier hit up investors for cash, but has shied away from drawing too heavily on its government lifeline.The airline reiterated plans for a fully underwritten equity raising before the end of June, and last week got a commitment from the government that it will back the deal, provided Cabinet agrees.Air NZ turned to the government for help when borders were closed last year, securing a $900 million loan at relatively high interest rates. The ter...

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