The national carrier will be another addition to the panel, which expands the number of airlines government departments can fly with
Air New Zealand was the best performer, up 3.8 percent to $1.91, while Fletcher Building rose 3.2 percent to $10.21 and Chorus gained 2.2 percent to $3.76.
The airline is forecasting increased competition.
Part of the proceeds will be used to repay a $150m bond liability that matures next month. That bond was at 6.9% per annum and I am sure by repaying that with a mixture of cash and this new $75m issue considerable enduring interest savings will accrue.