Coronavirus

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

Pattrick Smellie
Fri, 09 Apr 2021

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

Air NZ CEO Greg Foran and chair Therese Walsh.

Pattrick Smellie
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...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News vie email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service {{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Or Subscribe with Google

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

On the Money

On the Money: Richard Chandler charging into 2022, Jane Hrdlicka, Grant Baker, and more

Rebecca Stevenson | Sat, 22 Jan 2022

OTM this week: flying high with Richard Chandler, an ace on ignoring the elephant in the room, a new Robbo-cop comes to town, and more.

Opinion

Is New Zealand’s population too low?

Brian Gaynor | Sat, 22 Jan 2022

Our relatively small population has proven a huge disadvantage to NZ companies that expand offshore, particularly when they experience headwinds.

Markets Market Close

NZ shares finish shocker week down 3.5%

Dan Brunskill | Fri, 21 Jan 2022

A well-known investor released a paper overnight warning this was the end of a "superbubble" in US markets.

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

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team