Air NZ signals June 2021 capital raising

Fri, 25 Sep 2020

Air New Zealand said it will raise capital before June, having already started drawing down on its $900 million loan facility with the government.The covid-hit airline said its Crown facility gives it liquidity to reposition post covid-19 but it had always been in place to help it implement a longer-term plan.The first tranche of the government loan for $600 million is expected to have an effective interest rate of between 7 percent and 8 percent.The company said it continues to evaluate a range of scenarios on how the pandemic may develop and...

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