Page 9 - Andy Bowley News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Govt increases Air NZ loan by $600m © RNZ / Dan Cook The government has increased how much money Air New Zealand can borrow, as it defers its plan for a capital raise until September. The national carrier had initially planned to tap shareholders for a cash injection around June. However, the company has delayed that until late September as it assesses recent developments such as the vaccine roll-out, an extension to the airfreight capacity scheme, and the opening of a trans-Tasman bubble. "These developments are good news and fundamental to Air New Zealand's return to success, but the stor...

Government's $600m loan expansion to Air New Zealand comes with a warning 9 Apr, 2021 06:03 AM 7 minutes to read The Government has delivered a $600m loan extension and a warning to Air NZ. Photo / Brett Phibbs The Government has delivered a $600m loan extension and a warning to Air NZ. Photo / Brett Phibbs Aviation, tourism and energy writer for the NZ Heraldgrant.bradley@nzherald.co.nz@gbradleynz The Government is extending its loan facility to Air New Zealand by $600 million but at the same time giving the airline a frank and detailed reminder of what's expected from it. Taxpaye...

Air New Zealand’s monthly cash burn guidance of $65m to $85m suggested the company would have about $400m left of a $900m Crown loan facility it secured at the beginning of the Covid-19 pandemic, they said. The prospect of New Zealand's border restrictions loosening, including a trans-Tasman bubble opening, ahead of mass inoculation appeared “increasingly remote”, they said. ALDEN WILLIAMS/Stuff Air New Zealand’s domestic network is operating at close to pre-pandemic levels thanks to New Zealand’s successful Covid-19 response. This would impact the capital needs of Air New Zealan...

Auckland Airport’s international passenger volumes have been a fraction of what they were before Covid-19. Auckland International Airport is expected to post its first loss since listing on the stock market in 1998 due to “a monumental decline” in international passengers as a result of the pandemic. The airport, which reports its 2021 interim results on Thursday, is one of the largest companies on the New Zealand stock exchange with a market capitalisation of $10 billion. But it's been deeply affected by a collapse in international travel as result of Covid-19 border restrictions, an...

The airport's profit has fallen 80 per cent as international passenger numbers drop by around 97 per cent.