Revamped govt credit line gives Air NZ capital raise options: Foran

Air NZ CEO Greg Foran and chair Therese Walsh.

Fri, 09 Apr 2021

Air New Zealand’s renegotiated government credit facility gives the airline wiggle room to further delay its intended capital raising, the airline’s chief executive, Greg Foran, told BusinessDesk.He was speaking after the announcement that a capital raising originally timed for the second quarter of this year has been delayed to the third quarter and that the government has agreed to expand its $900 million credit facility to the national carrier to $1.5 billion.The newly expanded credit line is also offered on far less onerous comm...

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