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General Business
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Air NZ may look to raise capital before drawing down government loan

Greg Foran doesn't expect passenger demand to return to normal until 2023 or beyond.

Air New Zealand is in talks with the government about longer-term capital arrangements, ahead of drawing down its substantial loan facility.

The airline received a $900m loan from the Crown in April, which comes with certain conditions – such as not paying a dividend until the facility ends

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Calida Stuart-Menteath Thu, 27 Aug 2020
Contact the Writer: calida@nbr.co.nz
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Air NZ may look to raise capital before drawing down government loan
General Business,
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