Sharechat Logo

Air New Zealand Limited (NZX: AIR) Letter from Crown on Air NZ Capital Raise

Friday 12th February 2021

Text too small?

Air New Zealand has actively engaged with the Crown as the Company has continued to assess its longer-term capital structure and funding needs. Air New Zealand has recently reconfirmed to the Crown its intention to complete an equity capital raise before 30 June 2021.

Given the critical role the Company has in New Zealand’s economy and society, the Crown has, in that context, confirmed in a letter to the Air New Zealand Chairman received today its longstanding commitment to maintaining a majority shareholding in Air New Zealand. This letter also confirmed that, subject to Cabinet being satisfied with the terms of Air New Zealand’s proposed equity capital raise, it would participate in that equity capital raise in order to maintain a majority shareholding in Air New Zealand.

Please see the link below for details:

Letter from Crown on Air NZ capital raise

Source: Air New Zealand Limited



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Booster's Private Land & Property Portfolio adds dairy farm
Winton Announces Establishment of Fund
Genesis delivers EBITDAF of $440m with 44% lower emissions
AIA - annual meeting and nomination of director
Cannasouth Rights Issue Offer Document
August 19th Morning Report
GWC - Update on acquisition of WasteCo Holdings NZ
Chatham applies for Korella North Exploration Permit
Australian First: Ebonex, cryptocurrency platform, partners with Mastercard - NASDAQ ANNOUNCEMENT
PCT - Strong leasing performance supports FY22 result