New Zealand's Government reaffirmed (11-Feb-2021) plans to participate in Air New Zealand's equity capital raise in order to maintain a majority shareholding in the carrier. As previously reported by CAPA, Air New Zealand started to draw down on a NZD900 million (USD596.4 million) stand-by loan offered by government. CEO Greg Foran stated the carrier hopes to be in a position to have a new capital structure before Jun-2021. [more - original PR]
New Zealand Government reaffirms plans to participate in Air New Zealand equity capital raise
11 February, 2021