Is Air NZ ready to raise capital?

Air NZ's balance sheet needs an overhaul but analysts say further delays are likely. (Photo: supplied)

Tue, 15 Feb 2022

Time is running out for Air New Zealand to complete the twice-delayed capital raise in time to meet its latest deadline, March 31.Equity analysts are now expecting a further delay until the airline's path out of the covid-19 pandemic is clearer or that the government will increase its shareholding, to reduce the sums sought from private investors.The national carrier is expected to raise more than a billion dollars to get debt off its balance sheet and have enough cash to restart international travel as borders begin progressively reopening...

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